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Potential Limoneira Co (LMNR) Trade Has 6.33% Downside Protection

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Limoneira Co (<a href="">LMNR</a>). Look at the Mar 16, 2018 $22.50 covered call for a net debit in the $21.42 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.33% downside protection. If the stock closes at or above $22.50 at expiration this trade will return 4.99% or 14.46% (for comparison purposes only). <br /> <br /> LMNR closed Nov 9, 2017's trading session at $22.87. In the past year, the stock has hit a 52-week low of $16.39 and 52-week high of $24.50. Limoneira Co stock has been showing support around $21.84 and resistance in the $23.44 range. Recent technical indicators for the stock are bearish.

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