Jeffrey Smith, Director at Advance Auto Parts ( AAP ) bought 150,000 shares of the company's common stock on May 25. Smith bought the shares at $152.73 per share for a total of $22,909,500.00.
InvestorsKeyhole Trade Alert
IK-> The technicals for AAP ($155.85 up $2.33) are neutral with a neutral trend. The stock has recent support around $143.54 and resistance around $159.27. Look at the September 130/135 bull-put spread for a 25-cent credit or better. That's a 5.3% return and the stock has to fall 13.4% to cause a problem. [InvestorsKeyhole, Various news and data services]
Originally published on InvestorsObserver.com