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Potential Old Dominion Freight Line (ODFL) Trade Could Hit 3.63% Return

Jan 03, 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 Apr 20, 2018 $130 covered call for a net debit in the $125.43 area. That is also the break-even stock price for the covered call. This trade will return 3.63%, or 12.40% annualized (for comparison purposes only), in 107 days. This covered call also provides 6.69% downside protection. The current 52-week low is $80.56 and the 52-week high is $134.49. Old Dominion Freight Line stock has been showing support around $130.55 and resistance in the $136.43 range. The stock closed Jan 2, 2018's trading session at $134.44.A

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