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Bank of America (NYSE: BAC) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $11.84 while simultaneously selling the November $12.00 call will result in a new position with a target return of 12.9 %. Based on recent prices, this position will cost about $10.63, which is also the trade’s breakeven point. At that level, this covered call has 10.2 % downside protection, while still providing a 12.9 % return in 281 days as long as BAC is above $12.00 on 11/16/2013. For comparison purposes only, this Bank of America covered call aims for an annualized return rate of 16.7 %.

BP (NYSE: BP) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $43.16 while selling the July $44.00 call will produce a new covered call with a break-even point around $41.71. At that price, this position has a target return of 5.5 %. This trade will have roughly 3.4 % downside protection, while still aiming for a 5.5 % return in 162 days. It will lock in that return as long as BP is above $44.00 on 7/20/2013. For comparison purposes only, this BP covered call aims for an annualized return rate of 12.4 %.

Encana (NYSE: ECA) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the July $19.00 call while at the same time buying ECA stock for $19.33 will produce a new covered call with a target return of 6.3 %. Based on recent data, this trade will cost about $17.88, which is also the covered call’s breakeven point. At that price, this covered call has 7.5 % downside protection, while seeking an assigned return of 6.3 % return in 162 days. If ECA is higher than $19.00 on 7/20/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 14.1 %.

Infosys Technologies (NASDAQ: INFY) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the July $50.00 call while simultaneously buying INFY stock for $52.20 will result in a new position with a break-even point around $47.60. At that price, this position has a target return of 5.0 %. This trade has 8.8 % downside protection, while still providing a 5.0 % return in 162 days as long as INFY is above $50.00 on 7/20/2013. For comparison purposes only, this Infosys Technologies covered call targets an annualized return rate of 11.4 %.

FLIR Systems (NASDAQ: FLIR) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $26.03 while simultaneously selling the July $26.00 call will result in a new position with a target return of 5.8 %. Based on recent prices, this position will cost about $24.58, which is also the trade’s breakeven point. At that level, this covered call has 5.6 % downside protection, while still providing a 5.8 % return in 162 days as long as FLIR is above $26.00 on 7/20/2013. For comparison purposes only, this FLIR Systems covered call aims for an annualized return rate of 13.0 %.

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