O'Reilly Automotive Inc. (ORLY) 10/9/09 PriceWatch Alert Support At Around $33.81
Posted: Friday, October 09, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive Inc. (NasdaqNM: ORLY) closed yesterday at $34.41. So far the stock has hit a 52-week low of $20.00 and 52-week high of $42.92. O'Reilly Automotive stock has been showing support around 33.81 and resistance in the 35.39 range. Technical indicators for the stock are Bearish and S&P gives ORLY a positive 4 STAR (out of 5) buy rating. ORLY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 35 covered call (OQR BG) for a net debit in the $31.96 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.12% downside protection and a 9.51% assigned return rate for a 25.91% annualized return rate (comparison purposes only). O'Reilly Automotive does not pay dividends at this time. [FBB-Seven Summits Research]
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