Bank of America (BAC) PriceWatch Alert For 3/4/2010 - Calendar Spread Risk Ranking Declines to 3 Keys
Posted: Thursday, March 04, 2010 8:43 AM EDT
By: Market Intelligence Center Staff
Bank of America (NYSE: BAC) closed yesterday at $16.37. So far the stock has hit a 52-week low of $3.00 and 52-week high of $19.10. The proprietary Key Risk Ranking for BAC has declined from a 4 KEY Low Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 13.64% return (29.00% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [THA-Seven Summits Research]
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