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Old Dominion Freight Line (ODFL) Trading Near $126.17 Support Level

Dec 07, 2017 ( 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 Apr 20, 2018 $125 covered call for a net debit in the $119.68 area. That is also the break-even stock price for the covered call. This trade will return 4.43%, or 12.08% annualized (for comparison purposes only), in 134 days. This covered call also provides 6.92% downside protection. The current 52-week low is $80.56 and the 52-week high is $130.71. Old Dominion Freight Line stock has been showing support around $126.17 and resistance in the $130.25 range. The stock closed Dec 6, 2017's trading session at $128.58.A

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