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Lumber Liquidators (LL) Trading Near $38.75 Support Level

Sep 11, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligenceCenter.com's patented algorithms on Lumber Liquidators (<a href="http://www.marketintelligencecenter.com/symbol/LL">LL</a>) could yield about 4.11% (38.46% annualized, for comparison purposes only) in 39 days. Pair a long position in the stock with the Oct 20, 2017 $39 call for a net debit of about $37.46. This position also has 7.41% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $10 call for a net debit of about $27.80. While this trade has a higher yield at 4.29%, the downside protection falls to 7.41%. Lumber Liquidators closed at $40.45 Sep 8, 2017. Technical indicators for LL are bearish and support and resistance have been about $38.75 and $42.19, respectively.A

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