Buy Alert: August 19, 2014

| August 19, 2014

Buy Alert:  August 19, 2014


Trade Details

Buy O’Reilly Automotive (ORLY) September 20th 150 Puts for $1.50 or better



Auto parts retail giant ORLY is a decent company overall, but the share price has reached overvalued territory. First off, many of the company’s valuation metrics are on the high to very-high side. What’s more, the stock is finding significant resistance at $155, a key double-top level.

Moreover, with the high level of global turmoil, there’s always a danger of a renewed risk-off trade leading to a selloff.  High priced stocks like ORLY are typically first to get hit.

Let’s grab the September 150 puts here.


 Recent Activity

O’Reilly Automotive


Category: OTW Buy Alerts