MORNING UPDATE: PriceWatch Alerts for GPRO and More... for 2014-12-02 |
| MORNING UPDATE FOR DECEMBER 2, 2014 PriceWatch Alerts for GPRO, RGLD, SSYS, FOXA, XOM, NDLS, GG, YY, CELG and LNKD. GoPro (NASDAQ: GPRO) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $73.61 while selling the January $77.50 call will produce a new covered call with a break-even point around $69.11. At that price, this position has a target return of 12.1%. This trade will have roughly 6.1% downside protection, while still aiming for a 12.1% return in 46 days. It will lock in that return as long as GoPro is above $77.50 on 1/17/2015. For comparison purposes only, this GPRO covered call aims for an annualized return rate of 96.3%. Royal Gold (NASDAQ: RGLD) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $67.94 while simultaneously selling the January $70.00 call will result in a new position with a target return of 8.0%. Based on recent prices, this position will cost about $64.84, which is also the trade?s breakeven point. At that level, this covered call has 4.6% downside protection, while still providing a 8.0% return in 46 days as long as RGLD is above $70.00 on 1/17/2015. For comparison purposes only, this Royal Gold covered call aims for an annualized return rate of 63.1%. Stratasys (NASDAQ: SSYS) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $97.00 while selling the January $100.00 call will produce a new covered call with a break-even point around $92.90. At that price, this position has a target return of 7.6%. This trade will have roughly 4.2% downside protection, while still aiming for a 7.6% return in 46 days. It will lock in that return as long as Stratasys is above $100.00 on 1/17/2015. For comparison purposes only, this SSYS covered call aims for an annualized return rate of 60.6%. Twenty-First Century Fox (NASDAQ: FOXA) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the April $39.00 call while at the same time buying FOXA stock for $37.28 will produce a new covered call with a target return of 8.1%. Based on recent data, this trade will cost about $36.08, which is also the covered call?s breakeven point. At that price, this covered call has 3.2% downside protection, while seeking an assigned return of 8.1% return in 136 days. If FOXA is higher than $39.00 on 4/17/2015, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 21.7%. Exxon Mobil (NYSE: XOM) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the April $95.00 call while simultaneously buying XOM stock for $92.55 will result in a new position with a break-even point around $89.85. At that price, this position has a target return of 5.7%. This trade has 2.9% downside protection, while still providing a 5.7% return in 136 days as long as XOM is above $95.00 on 4/17/2015. For comparison purposes only, this Exxon Mobil covered call targets an annualized return rate of 15.4%. Noodles & Co (NASDAQ: NDLS) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $24.38 while selling the January $25.00 call will produce a new covered call with a break-even point around $23.28. At that price, this position has a target return of 7.4%. This trade will have roughly 4.5% downside protection, while still aiming for a 7.4% return in 46 days. It will lock in that return as long as Noodles & Co is above $25.00 on 1/17/2015. For comparison purposes only, this NDLS covered call aims for an annualized return rate of 58.6%. Goldcorp (NYSE: GG) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $21.27 while simultaneously selling the January $22.00 call will result in a new position with a target return of 10.6%. Based on recent prices, this position will cost about $19.89, which is also the trade?s breakeven point. At that level, this covered call has 6.5% downside protection, while still providing a 10.6% return in 46 days as long as GG is above $22.00 on 1/17/2015. For comparison purposes only, this Goldcorp covered call aims for an annualized return rate of 84.1%. YY (NASDAQ: YY) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $71.98 while selling the January $75.00 call will produce a new covered call with a break-even point around $68.58. At that price, this position has a target return of 9.4%. This trade will have roughly 4.7% downside protection, while still aiming for a 9.4% return in 46 days. It will lock in that return as long as YY is above $75.00 on 1/17/2015. For comparison purposes only, this YY covered call aims for an annualized return rate of 74.3%. Celgene (NASDAQ: CELG) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the January $115.00 call while at the same time buying CELG stock for $112.60 will produce a new covered call with a target return of 5.6%. Based on recent data, this trade will cost about $108.95, which is also the covered call?s breakeven point. At that price, this covered call has 3.2% downside protection, while seeking an assigned return of 5.6% return in 46 days. If CELG is higher than $115.00 on 1/17/2015, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 44.0%. LinkedIn (NYSE: LNKD) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the January $220.00 call while simultaneously buying LNKD stock for $216.50 will result in a new position with a break-even point around $205.15. At that price, this position has a target return of 7.2%. This trade has 5.2% downside protection, while still providing a 7.2% return in 46 days as long as LNKD is above $220.00 on 1/17/2015. For comparison purposes only, this LinkedIn covered call targets an annualized return rate of 57.4%. *Annualized returns are shown for comparison purposes only Are you looking for a more conservative strategy that solves the pitfalls that come with covered calls investing? Check out our RadioActive Home Study Kit (http://www.poweropt.com/psDetails.asp?pid=25)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. 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STOCKS ON THE MOVE Cypress Semiconductor (CY), Ambarella (AMBA) and TASER (TASR) are rising, while Gold Fields (GFI) is falling. There were no major analyst upgrades this morning, but Monsanto (MON), Priceline (PCLN) and Apache (APA) were downgraded. INTERNATIONAL MARKETS Asian markets were mostly higher Tuesday with Chinese shares leading the way up. The Shanghai Composite rose 3.11% while the Nikkei was up 0.42%. European markets are mixed this morning as energy stocks gained back a little ground. The FTSE is up 1.17%, and the DAX is falling 0.09%. FUTURES & CURRENCIES West Texas Intermediate crude oil is down $1.03 to $67.97 while NYMEX natural gas is down $0.04 to $3.97. In metals, gold is down $12 to $1,200, silver is down $0.20 to $16.34 and platinum is trading at $1,224. The US Dollar is up vs the Euro and the Yen. PUT/CALL RATIO Yesterday, 1,247,547 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 776,232 put contracts. The single-session put/call was 0.56, while the 20-day moving average is now at 0.6. TODAY'S ECONOMIC CALENDAR 10:00 AM Oct Construction Spending 02:00 PM Nov Auto Sales 02:00 PM Nov Truck Sales EARNINGS EXPECTED TODAY There are no major earnings reports scheduled for today. This Morning Update was prepared with data and information provided by: PowerOptionsPlus.com - The Best Way To Find, Compare, Analyze, and Make Money On Option Investments - Forbes Best of the Web |
