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Wells Fargo (NYSE: WFC) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $36.88 while selling the October $37.00 call will produce a new covered call with a break-even point around $35.07. At that price, this position has a target return of 5.5 %. This trade will have roughly 4.9 % downside protection, while still aiming for a 5.5 % return in 199 days. It will lock in that return as long as Wells Fargo is above $37.00 on 10/19/2013. For comparison purposes only, this WFC covered call aims for an annualized return rate of 10.1 %.

Archer Daniels Midland (NYSE: ADM) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $34.11 while simultaneously selling the September $34.00 call will result in a new position with a target return of 5.5 %. Based on recent prices, this position will cost about $32.24, which is also the trade’s breakeven point. At that level, this covered call has 5.5 % downside protection, while still providing a 5.5 % return in 171 days as long as ADM is above $34.00 on 9/21/2013. For comparison purposes only, this Archer Daniels Midland covered call aims for an annualized return rate of 11.6 %.

CIGNA (NYSE: CI) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the July $65.00 call while at the same time buying CI stock for $64.75 will produce a new covered call with a target return of 5.0 %. Based on recent data, this trade will cost about $61.93, which is also the covered call’s breakeven point. At that price, this covered call has 4.4 % downside protection, while seeking an assigned return of 5.0 % return in 108 days. If CI is higher than $65.00 on 7/20/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 16.7 %.

Paychex (NASDAQ: PAYX) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the September $37.00 call while simultaneously buying PAYX stock for $35.87 will result in a new position with a break-even point around $35.12. At that price, this position has a target return of 5.4 %. This trade has 2.1 % downside protection, while still providing a 5.4 % return in 171 days as long as PAYX is above $37.00 on 9/21/2013. For comparison purposes only, this Paychex covered call targets an annualized return rate of 11.4 %.

Altera (NASDAQ: ALTR) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $34.18 while selling the June $34.00 call will produce a new covered call with a break-even point around $32.38. At that price, this position has a target return of 5.0 %. This trade will have roughly 5.3 % downside protection, while still aiming for a 5.0 % return in 80 days. It will lock in that return as long as Altera is above $34.00 on 6/22/2013. For comparison purposes only, this ALTR covered call aims for an annualized return rate of 22.8 %.

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