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Netflix (NASDAQ: NFLX) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $192.36 while simultaneously selling the April $190.00 call will result in a new position with a target return of 5.8 %. Based on recent prices, this position will cost about $179.56, which is also the trade’s breakeven point. At that level, this covered call has 6.7 % downside protection, while still providing a 5.8 % return in 37 days as long as NFLX is above $190.00 on 4/20/2013. For comparison purposes only, this Netflix covered call aims for an annualized return rate of 57.3 %.

Abercrombie and Fitch (NYSE: ANF) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the May $49.00 call while at the same time buying ANF stock for $49.77 will produce a new covered call with a target return of 5.9 %. Based on recent data, this trade will cost about $46.27, which is also the covered call’s breakeven point. At that price, this covered call has 7.0 % downside protection, while seeking an assigned return of 5.9 % return in 65 days. If ANF is higher than $49.00 on 5/18/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 33.1 %.

Whole Foods (NASDAQ: WFM) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the May $88.00 call while simultaneously buying WFM stock for $88.01 will result in a new position with a break-even point around $84.61. At that price, this position has a target return of 4.0 %. This trade has 3.9 % downside protection, while still providing a 4.0 % return in 65 days as long as WFM is above $88.00 on 5/18/2013. For comparison purposes only, this Whole Foods covered call targets an annualized return rate of 22.5 %.

Express (NYSE: EXPR) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $18.25 while selling the July $17.50 call will produce a new covered call with a break-even point around $16.25. At that price, this position has a target return of 7.7 %. This trade will have roughly 11.0 % downside protection, while still aiming for a 7.7 % return in 128 days. It will lock in that return as long as Express is above $17.50 on 7/20/2013. For comparison purposes only, this EXPR covered call aims for an annualized return rate of 21.9 %.

Legg Mason (NYSE: LM) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $31.40 while simultaneously selling the May $31.00 call will result in a new position with a target return of 4.0 %. Based on recent prices, this position will cost about $29.80, which is also the trade’s breakeven point. At that level, this covered call has 5.1 % downside protection, while still providing a 4.0 % return in 65 days as long as LM is above $31.00 on 5/18/2013. For comparison purposes only, this Legg Mason covered call aims for an annualized return rate of 22.6 %.

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