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Hormel Foods (NYSE: HRL) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $39.19 while selling the December $40.00 call will produce a new covered call with a break-even point around $37.64. At that price, this position has a target return of 6.3 %. This trade will have roughly 4.0 % downside protection, while still aiming for a 6.3 % return in 185 days. It will lock in that return as long as Hormel Foods is above $40.00 on 12/21/2013. For comparison purposes only, this HRL covered call aims for an annualized return rate of 12.4 %.

Steelcase (NYSE: SCS) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $15.02 while simultaneously selling the January $15.00 call will result in a new position with a target return of 8.9 %. Based on recent prices, this position will cost about $13.77, which is also the trade’s breakeven point. At that level, this covered call has 8.3 % downside protection, while still providing a 8.9 % return in 213 days as long as SCS is above $15.00 on 1/18/2014. For comparison purposes only, this Steelcase covered call aims for an annualized return rate of 15.3 %.

Exact Sciences (NASDAQ: EXAS) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the October $12.00 call while at the same time buying EXAS stock for $12.83 will produce a new covered call with a target return of 12.9 %. Based on recent data, this trade will cost about $10.63, which is also the covered call’s breakeven point. At that price, this covered call has 17.1 % downside protection, while seeking an assigned return of 12.9 % return in 122 days. If EXAS is higher than $12.00 on 10/19/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 38.5 %.

GenCorp (NYSE: GY) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $16.56 while simultaneously selling the November $17.50 call will result in a new position with a target return of 13.9 %. Based on recent prices, this position will cost about $15.36, which is also the trade’s breakeven point. At that level, this covered call has 7.2 % downside protection, while still providing a 13.9 % return in 150 days as long as GY is above $17.50 on 11/16/2013. For comparison purposes only, this GenCorp covered call aims for an annualized return rate of 33.9 %.

Infinity Pharmaceuticals (NASDAQ: INFI) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the July $19.00 call while simultaneously buying INFI stock for $19.46 will result in a new position with a break-even point around $17.51. At that price, this position has a target return of 8.5 %. This trade has 10.0 % downside protection, while still providing a 8.5 % return in 31 days as long as INFI is above $19.00 on 7/20/2013. For comparison purposes only, this Infinity Pharmaceuticals covered call targets an annualized return rate of 100.1 %.

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