ORLY (ORLY) Offering Possible 21.21% Return Over the Next 24 Calendar Days

ORLY's most recent trend suggests a bullish bias. One trading opportunity on ORLY is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 21.21% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $8.25 would be incurred if the stock dropped below the $170.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ORLY is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ORLY is bullish.

The RSI indicator is at 27.42 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for ORLY

O'Reilly (ORLY) to Report Q2 Earnings: What's in the Cards?
Fri, 21 Jul 2017 12:38:12 +0000
Current logistic problems, clustered presence only in the U.S. and high capital expenses may dampen O'Reilly's (ORLY) chances of an earnings beat in Q2.

Bear of the Day: O'Reilly Automotive (ORLY)
Tue, 18 Jul 2017 09:23:09 +0000
Bear of the Day: O'Reilly Automotive (ORLY)

Auto Parts Retailers Have an Amazon Problem
Thu, 13 Jul 2017 11:39:00 +0000
The big auto parts stores have a new competitor in Amazon, which could make growth more difficult going forward.

AutoZone Is Running Out of Gas as Auto Parts Retailers Misfire
Tue, 11 Jul 2017 15:00:00 +0000
An overabundance of parts retailers appears to be putting pressure on the group as a whole.

Tesla's Rally Has Died: Stock Falls to Sixth Worst Performer in Russell 1000
Tue, 11 Jul 2017 14:31:00 +0000
It was the seventh best performer in the index during the first half of the year.

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