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Potential Lumber Liquidators (LL) Trade Could Hit 13.04% Return

May 17, 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 13.04% (25.87% annualized, for comparison purposes only) in 184 days. Pair a long position in the stock with the Nov 17, 2017 $26 call for a net debit of about $23. This position also has 13.85% 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 19, 2018 $19 call for a net debit of about $5.24. While this trade has a higher yield at 33.33%, the downside protection falls to 13.85%. Lumber Liquidators closed at $26.70 May 16, 2017. Technical indicators for LL are bearish and support and resistance have been about $25.06 and $27.72, respectively.A

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