Bank of America (BAC) PriceWatch Alert - Covered Call Risk Ranking Improves to 4 Keys

Posted on Wednesday, October 01, 2008 8:08 AM

Bank of America (NYSE: BAC) closed yesterday at $35.00. So far the stock has hit a 52-week low of $18.44 and 52-week high of $52.96. The proprietary Key Risk Ranking for BAC has improved from a 2 KEY considerable relative risk to a 4 KEY Low Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for a conservative covered call trade on this underlying stock with a targeted 19.45% return (31.28% 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. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]