ORLY (ORLY) Offering Possible 5.82% Return Over the Next 10 Calendar Days

ORLY's most recent trend suggests a bullish bias. One trading opportunity on ORLY is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 5.82% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock dropped below the $185.00 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 73.78 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

Edited Transcript of ORLY earnings conference call or presentation 27-Jul-17 3:00pm GMT
Fri, 28 Jul 2017 07:36:00 +0000
Q2 2017 O'Reilly Automotive Inc Earnings Call

O'Reilly (ORLY) Beats on Q2 Earnings Estimates, Cuts Outlook
Thu, 27 Jul 2017 14:32:02 +0000
O'Reilly (ORLY) Q2 earnings beat estimates despite a challenging sales environment. However, full-year guidance has been trimmed.

O'Reilly Automotive tops 2Q profit forecasts
Thu, 27 Jul 2017 02:20:53 +0000
On a per-share basis, the Springfield, Missouri-based company said it had net income of $3.10. The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment …

O’Reilly Automotive, Inc. Reports Second Quarter 2017 Results
Wed, 26 Jul 2017 20:30:00 +0000
Second quarter comparable store sales increase of 1.7% 17% increase in second quarter diluted earnings per share to $3.10 SPRINGFIELD, Mo., July 26, 2017– O’ Reilly Automotive, Inc., a leading retailer …

We See Rising Returns at Genuine Parts Despite Industry Weakness
Wed, 26 Jul 2017 11:00:00 +0000
We think the slump in auto-parts retail is cyclical in nature rather than structural.

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