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Potential Old Dominion Freight Line (ODFL) Trade Could Hit 2.75% Return

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Old Dominion Freight Line (<a href="">ODFL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $130 covered call for a net debit in the $126.51 area. That is also the break-even stock price for the covered call. This trade will return 2.75%, or 28.76% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.94% downside protection. The current 52-week low is $80.56 and the 52-week high is $150.31. Old Dominion Freight Line stock has been showing support around $124.55 and resistance in the $145.57 range. The stock closed Feb 8, 2018's trading session at $131.71.A

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