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Potential O'Reilly Automotive (ORLY) Trade Has 3.50% Downside Protection

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on O'Reilly Automotive (<a href="http://www.marketintelligencecenter.com/symbol/ORLY">ORLY</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 15, 2017 $210 covered call for a net debit in the $203.68 area. That is also the break-even stock price for the covered call. This trade will return 3.09%, or 32.30% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.50% downside protection. The current 52-week low is $169.43 and the 52-week high is $286.57. O'Reilly Automotive stock has been showing support around $205.48 and resistance in the $214.76 range. The stock closed Nov 9, 2017's trading session at $211.08.A

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