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Micron Technology (NASDAQ: MU) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $9.38 while simultaneously selling the October $9.00 call will result in a new position with a target return of 12.8 %. Based on recent prices, this position will cost about $7.98, which is also the trade’s breakeven point. At that level, this covered call has 14.9 % downside protection, while still providing a 12.8 % return in 200 days as long as MU is above $9.00 on 10/19/2013. For comparison purposes only, this Micron Technology covered call aims for an annualized return rate of 23.3 %.

Humana (NYSE: HUM) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the May $75.00 call while at the same time buying HUM stock for $75.02 will produce a new covered call with a target return of 4.4 %. Based on recent data, this trade will cost about $71.82, which is also the covered call’s breakeven point. At that price, this covered call has 4.3 % downside protection, while seeking an assigned return of 4.4 % return in 46 days. If HUM is higher than $75.00 on 5/18/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 35.1 %.

Nabors Industries (NYSE: NBR) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the September $15.00 call while simultaneously buying NBR stock for $15.62 will result in a new position with a break-even point around $13.72. At that price, this position has a target return of 9.3 %. This trade has 12.2 % downside protection, while still providing a 9.3 % return in 172 days as long as NBR is above $15.00 on 9/21/2013. For comparison purposes only, this Nabors Industries covered call targets an annualized return rate of 19.8 %.

Suncor Energy (NYSE: SU) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $30.32 while selling the September $30.00 call will produce a new covered call with a break-even point around $28.36. At that price, this position has a target return of 5.8 %. This trade will have roughly 6.5 % downside protection, while still aiming for a 5.8 % return in 172 days. It will lock in that return as long as Suncor Energy is above $30.00 on 9/21/2013. For comparison purposes only, this SU covered call aims for an annualized return rate of 12.3 %.

Iconix Brand Group (NASDAQ: ICON) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $25.13 while simultaneously selling the May $25.00 call will result in a new position with a target return of 4.9 %. Based on recent prices, this position will cost about $23.83, which is also the trade’s breakeven point. At that level, this covered call has 5.2 % downside protection, while still providing a 4.9 % return in 46 days as long as ICON is above $25.00 on 5/18/2013. For comparison purposes only, this Iconix Brand Group covered call aims for an annualized return rate of 38.9 %.

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