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Lumber Liquidators (LL) Showing Resistance Near $29.35

Dec 04, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Lumber Liquidators (<a href="">LL</a>) today after it closed at $27.96 on Dec 1, 2017. For more conservative investors, look at a covered call using the May 18, 2018 $26 call for a net debit of about $23.35. This trade will return 11.25% (24.89% annualized, for comparison purposes only) as long as the stock closes above $26 at expiration. Lumber LiquidatorsAcan fall 16.44% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $13 call taking the place of the long stock position and the same short position in the May 18, 2018 $26 call. This trade only costs about $11.75 to get into and the rate of return increases to 10.63% (24.89% annualized, for comparison purposes only) but the downside protection falls to 11.50%.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Thursday, 11-30-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

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