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O'Reilly Automotive (ORLY) Showing Resistance Near $258.27

Jan 03, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on O'Reilly Automotive (<a href="">ORLY</a>) today after it closed at $249.25 on Jan 2, 2018. For more conservative investors, look at a covered call using the Feb 16, 2018 $240 call for a net debit of about $233.35. This trade will return 2.84% (23.60% annualized, for comparison purposes only) as long as the stock closes above $240 at expiration. O'Reilly AutomotiveAcan fall 6.37% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $100 call taking the place of the long stock position and the same short position in the Feb 16, 2018 $240 call. This trade only costs about $137.14 to get into and the rate of return increases to 2.07% (23.60% annualized, for comparison purposes only) but the downside protection falls to 4.85%.

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