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Potential Lumber Liquidators (LL) Trade Has 17.80% Downside Protection

Jul 11, 2018 ( via COMTEX) --

Lumber Liquidators (<a href="">LL</a>) is a good candidate for a covered call at the $25 level. The Feb 15, 2019 call at that price should fetch a credit of about $4.70, which means the entire position has a net debit of about $21.69. This trade has 9.84% downside protection. Another option would be to buy the LL Jan 17, 2020 $13 call instead of holding a long position in the stock. This lowers the net debit to $10.80, but the position only has 9.84% downside protection. Technical indicators for the stock are bearish and Lumber Liquidators has a 52-week low of $19.41 and 52-week high of $41.33.

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