Trade of the Week: Lithia Motors

Dividend Investing, Trade of the Week

A very unusual options block trade hit the tape last week in Lithia Motors (LAD). The automobile dealership company typically trades about 200 options a day on average. However, a trader recently executed a 9,500-lot trade of November covered calls in LAD options. The trade could suggest there is both a floor and a ceiling on the LAD share price over the next month and a half.