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Corning (NYSE: GLW) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $12.13 while selling the May $12.00 call will produce a new covered call with a break-even point around $11.09. At that price, this position has a target return of 8.2 %. This trade will have roughly 8.6 % downside protection, while still aiming for a 8.2 % return in 171 days. It will lock in that return as long as Corning is above $12.00 on 5/18/2013. For comparison purposes only, this GLW covered call aims for an annualized return rate of 17.5 %.

National Oilwell Varco (NYSE: NOV) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $70.02 while simultaneously selling the February $70.00 call will result in a new position with a target return of 5.7 %. Based on recent prices, this position will cost about $66.22, which is also the trade’s breakeven point. At that level, this covered call has 5.4 % downside protection, while still providing a 5.7 % return in 80 days as long as NOV is above $70.00 on 2/16/2013. For comparison purposes only, this National Oilwell Varco covered call aims for an annualized return rate of 26.0 %.

Apollo Group (NASDAQ: APOL) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the February $19.00 call while at the same time buying APOL stock for $19.18 will produce a new covered call with a target return of 9.6 %. Based on recent data, this trade will cost about $17.34, which is also the covered call’s breakeven point. At that price, this covered call has 9.6 % downside protection, while seeking an assigned return of 9.6 % return in 80 days. If APOL is higher than $19.00 on 2/16/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 43.7 %.

Health Care Property Investors (NYSE: HCP) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the April $45.00 call while at the same time buying HCP stock for $45.10 will produce a new covered call with a target return of 4.0 %. Based on recent data, this trade will cost about $43.25, which is also the covered call’s breakeven point. At that price, this covered call has 4.1 % downside protection, while seeking an assigned return of 4.0 % return in 143 days. If HCP is higher than $45.00 on 4/20/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 10.3 %.

Cree (NASDAQ: CREE) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $33.01 while simultaneously selling the January $32.50 call will result in a new position with a target return of 5.0 %. Based on recent prices, this position will cost about $30.95, which is also the trade’s breakeven point. At that level, this covered call has 6.2 % downside protection, while still providing a 5.0 % return in 52 days as long as CREE is above $32.50 on 1/19/2013. For comparison purposes only, this Cree covered call aims for an annualized return rate of 35.1 %.

 

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