Diamond Offshore Drilling (DO) PriceWatch Alert - Calendar Spread Risk Ranking Improves to 3 Keys

Posted on Friday, October 10, 2008 8:08 AM

Diamond Offshore Drilling (NYSE: DO) closed yesterday at $74.30. So far the stock has hit a 52-week low of $71.66 and 52-week high of $149.30. The proprietary Key Risk Ranking for DO has improved from a 3 KEY moderate relative risk to a 4 KEY Low 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 20.12% return (45.00% 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. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]