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Celgene (NASDAQ: CELG) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $113.89 while selling the October $110.00 call will produce a new covered call with a break-even point around $101.89. At that price, this position has a target return of 8.0 %. This trade will have roughly 10.5 % downside protection, while still aiming for a 8.0 % return in 117 days. It will lock in that return as long as Celgene is above $110.00 on 10/19/2013. For comparison purposes only, this CELG covered call aims for an annualized return rate of 24.8 %.

Avis Budget (NYSE: CAR) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $28.09 while simultaneously selling the August $28.00 call will result in a new position with a target return of 7.5 %. Based on recent prices, this position will cost about $26.04, which is also the trade’s breakeven point. At that level, this covered call has 7.3 % downside protection, while still providing a 7.5 % return in 54 days as long as CAR is above $28.00 on 8/17/2013. For comparison purposes only, this Avis Budget covered call aims for an annualized return rate of 50.8 %.

Sotheby's (NYSE: BID) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the October $37.00 call while at the same time buying BID stock for $37.41 will produce a new covered call with a target return of 8.2 %. Based on recent data, this trade will cost about $34.21, which is also the covered call’s breakeven point. At that price, this covered call has 8.6 % downside protection, while seeking an assigned return of 8.2 % return in 117 days. If BID is higher than $37.00 on 10/19/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 25.4 %.

Melco PBL Entertainment Macau (NASDAQ: MPEL) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the October $22.00 call while simultaneously buying MPEL stock for $22.49 will result in a new position with a break-even point around $20.19. At that price, this position has a target return of 9.0 %. This trade has 10.2 % downside protection, while still providing a 9.0 % return in 117 days as long as MPEL is above $22.00 on 10/19/2013. For comparison purposes only, this Melco PBL Entertainment Macau covered call targets an annualized return rate of 28.0 %.

OfficeMax (NYSE: OMX) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $10.40 while selling the November $10.00 call will produce a new covered call with a break-even point around $8.20. At that price, this position has a target return of 22.0 %. This trade will have roughly 21.2 % downside protection, while still aiming for a 22.0 % return in 145 days. It will lock in that return as long as OfficeMax is above $10.00 on 11/16/2013. For comparison purposes only, this OMX covered call aims for an annualized return rate of 55.3 %.

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