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Gilead Sciences (NASDAQ: GILD) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the August $42.50 call while simultaneously buying GILD stock for $43.45 will result in a new position with a break-even point around $39.75. At that price, this position has a target return of 6.9 %. This trade has 8.5 % downside protection, while still providing a 6.9 % return in 166 days as long as GILD is above $42.50 on 8/17/2013. For comparison purposes only, this Gilead Sciences covered call targets an annualized return rate of 15.2 %.

Newmont Mining (NYSE: NEM) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the June $39.00 call while at the same time buying NEM stock for $39.62 will produce a new covered call with a target return of 4.6 %. Based on recent data, this trade will cost about $37.29, which is also the covered call’s breakeven point. At that price, this covered call has 5.9 % downside protection, while seeking an assigned return of 4.6 % return in 110 days. If NEM is higher than $39.00 on 6/22/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 15.2 %.

Illumina (NASDAQ: ILMN) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $52.22 while simultaneously selling the June $50.00 call will result in a new position with a target return of 5.2 %. Based on recent prices, this position will cost about $47.52, which is also the trade’s breakeven point. At that level, this covered call has 9.0 % downside protection, while still providing a 5.2 % return in 110 days as long as ILMN is above $50.00 on 6/22/2013. For comparison purposes only, this Illumina covered call aims for an annualized return rate of 17.3 %.

Yelp (NYSE: YELP) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $23.01 while selling the April $23.00 call will produce a new covered call with a break-even point around $21.46. At that price, this position has a target return of 7.2 %. This trade will have roughly 6.7 % downside protection, while still aiming for a 7.2 % return in 47 days. It will lock in that return as long as Yelp is above $23.00 on 4/20/2013. For comparison purposes only, this YELP covered call aims for an annualized return rate of 55.7 %.

Southern Copper (NYSE: SCCO) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the June $37.00 call while simultaneously buying SCCO stock for $37.35 will result in a new position with a break-even point around $35.35. At that price, this position has a target return of 4.7 %. This trade has 5.4 % downside protection, while still providing a 4.7 % return in 110 days as long as SCCO is above $37.00 on 6/22/2013. For comparison purposes only, this Southern Copper covered call targets an annualized return rate of 15.5 %.

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