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Starbucks (NASDAQ: SBUX) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $72.80 while selling the January $70.00 call will produce a new covered call with a break-even point around $66.95. At that price, this position has a target return of 4.6 %. This trade will have roughly 8.0 % downside protection, while still aiming for a 4.6 % return in 164 days. It will lock in that return as long as Starbucks is above $70.00 on 1/18/2014. For comparison purposes only, this SBUX covered call aims for an annualized return rate of 10.1 %.

Nordstrom (NYSE: JWN) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $59.81 while simultaneously selling the January $60.00 call will result in a new position with a target return of 6.1 %. Based on recent prices, this position will cost about $56.56, which is also the trade’s breakeven point. At that level, this covered call has 5.4 % downside protection, while still providing a 6.1 % return in 164 days as long as JWN is above $60.00 on 1/18/2014. For comparison purposes only, this Nordstrom covered call aims for an annualized return rate of 13.5 %.

Novo Nordisk (NYSE: NVO) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the December $170.00 call while at the same time buying NVO stock for $173.10 will produce a new covered call with a target return of 4.4 %. Based on recent data, this trade will cost about $162.90, which is also the covered call’s breakeven point. At that price, this covered call has 5.9 % downside protection, while seeking an assigned return of 4.4 % return in 136 days. If NVO is higher than $170.00 on 12/21/2013, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 11.7 %.

MannKind (NASDAQ: MNKD) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $7.35 while simultaneously selling the September $7.00 call will result in a new position with a target return of 25.7 %. Based on recent prices, this position will cost about $5.57, which is also the trade’s breakeven point. At that level, this covered call has 24.2 % downside protection, while still providing a 25.7 % return in 45 days as long as MNKD is above $7.00 on 9/21/2013. For comparison purposes only, this MannKind covered call aims for an annualized return rate of 208.2 %.

Westport Innovations (NASDAQ: WPRT) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the September $28.00 call while simultaneously buying WPRT stock for $28.22 will result in a new position with a break-even point around $26.72. At that price, this position has a target return of 4.8 %. This trade has 5.3 % downside protection, while still providing a 4.8 % return in 45 days as long as WPRT is above $28.00 on 9/21/2013. For comparison purposes only, this Westport Innovations covered call targets an annualized return rate of 38.9 %.

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