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MGM Mirage (NYSE: MGM) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the September $13.00 call while simultaneously buying MGM stock for $13.25 will result in a new position with a break-even point around $11.84. At that price, this position has a target return of 9.8 %. This trade has 10.6 % downside protection, while still providing a 9.8 % return in 190 days as long as MGM is above $13.00 on 9/21/2013. For comparison purposes only, this MGM Mirage covered call targets an annualized return rate of 18.8 %.

BP (NYSE: BP) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $41.00 while selling the July $41.00 call will produce a new covered call with a break-even point around $39.27. At that price, this position has a target return of 4.4 %. This trade will have roughly 4.2 % downside protection, while still aiming for a 4.4 % return in 127 days. It will lock in that return as long as BP is above $41.00 on 7/20/2013. For comparison purposes only, this BP covered call aims for an annualized return rate of 12.6 %.

Lorillard (NYSE: LO) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $39.66 while simultaneously selling the June $40.00 call will result in a new position with a target return of 5.3 %. Based on recent prices, this position will cost about $37.97, which is also the trade’s breakeven point. At that level, this covered call has 4.3 % downside protection, while still providing a 5.3 % return in 99 days as long as LO is above $40.00 on 6/22/2013. For comparison purposes only, this Lorillard covered call aims for an annualized return rate of 19.7 %.

Canadian Natural Resources (NYSE: CNQ) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the June $32.00 call while at the same time buying CNQ stock for $32.57 will produce a new covered call with a target return of 4.5 %. Based on recent data, this trade will cost about $30.62, which is also the covered call’s breakeven point. At that price, this covered call has 6.0 % downside protection, while seeking an assigned return of 4.5 % return in 99 days. If CNQ is higher than $32.00 on 6/22/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 16.6 %.

Bill Barrett (NYSE: BBG) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the June $20.00 call while simultaneously buying BBG stock for $20.46 will result in a new position with a break-even point around $18.56. At that price, this position has a target return of 7.8 %. This trade has 9.3 % downside protection, while still providing a 7.8 % return in 99 days as long as BBG is above $20.00 on 6/22/2013. For comparison purposes only, this Bill Barrett covered call targets an annualized return rate of 28.6 %.

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