Best Stock on the Market

Call Spread on ORLY on 4/6/2016

Trading Channel on ORLYO’Reilly Automotive, Inc. (ORLY) engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States.

The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment.

The company’s stores also offer enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; professional paint shop mixing and related materials; and machine shops. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. As of December 31, 2015, the company operated 4,571 stores in 44 states. 

Shares are heading higher in an upward "trading channel" and are approaching the lower boundary of the said channel.

 

52-Weeks Trading Channel: $212.15 - $277.96

Last Trade: $268.73

Trade

  • Buy 1 May $260.00 Call at $15.50
  • Sell 1 May $270.00 Call at $10.00
  • For a net debit of $5.50

Profit/Loss Analysis

  • Breakeven at $265.50
  • Maximum profit is $450.00 at strike of $270.00
  • Maximum loss is ($550.00) at strike of $260.00

Closing Summary

  • Sold 1 May $260.00 Call at $17.40
  • Bought 1 May $270.00 Call at $10.00

Position closed on 4/18/2016 at price of $7.40 with a 34.55% gain in 11 days.

Updates

4/18/2016 10:19:05 AM

We are taking profits on ORLY Call Spread.

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