Posted: Thursday, May 14, 2015 8:00 AM ET
Iconix Brand Group (ICON) presents a trading opportunity that offers a 4.73% return in just 99 days. A covered call on Iconix Brand Group at the $25.00 level expiring on Aug. '15 offers an assigned return rate of 4.73% or 17.45% annualized. This trade offers 11.49% downside protection, and offers some profit so long as the stock closes above $23.87 at expiration. Iconix Brand Group has traded between $24.11 and $44.81 over the last 52 weeks and traded between $26.55 and $27.21 Wednesday. Support for the stock has been near $26.24 lately and resistance has been around $27.58.
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