Old Dominion Freight Line (ODFL) PriceWatch Alert For 6/22/2009 - Covered Call Risk Ranking Declines to 4 Keys
Posted: Monday, June 22, 2009 8:08 AM EDT
Old Dominion Freight Line (NasdaqNM: ODFL) ended the last trading session at $33.30. So far the stock has hit a 52-week low of $18.47 and 52-week high of $40.09. The proprietary Key Risk Ranking for ODFL has declined from a 5 KEY Lowest 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 8.30% return (25.90% 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]
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