O'Reilly Automotive Inc. (ORLY) PriceWatch Alert for November 17, 2009
Posted: Tuesday, November 17, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive Inc. (NasdaqNM: ORLY) closed yesterday at $39.94. 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 39.53 and resistance in the 40.39 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 $37.44 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 6.26% downside protection and a 6.84% assigned return rate for a 26.27% annualized return rate (comparison purposes only). O'Reilly Automotive does not pay dividends at this time. [ATU-Seven Summits Research]
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