O'Reilly Automotive Inc. (ORLY) 11/16/09 PriceWatch Alert Up To 27.09% Return
Posted: Monday, November 16, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive Inc. (NasdaqNM: ORLY) ended the last trading session at $39.74. So far the stock has hit a 52-week low of $21.36 and 52-week high of $42.92. O'Reilly Automotive stock has been showing support around 38.85 and resistance in the 40.33 range. Technical indicators for the stock are Bullish 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 40 covered call (OQR BH) for a net debit in the $37.34 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 6.04% downside protection and a 7.12% assigned return rate for a 27.09% annualized return rate (comparison purposes only). O'Reilly Automotive does not pay dividends at this time. [ABR-Seven Summits Research]
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