Best Buy (BBY) PriceWatch Alert For 11/3/2009 - Covered Call Risk Ranking Declines to 2 Keys
Posted: Tuesday, November 03, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Best Buy (NYSE: BBY) closed yesterday at $38.89. So far the stock has hit a 52-week low of $16.42 and 52-week high of $42.06. The proprietary Key Risk Ranking for BBY has declined from a 3 KEY Moderate Relative Risk to a 2 KEY Considerable 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 14.44% return (38.48% 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. [ATU-Seven Summits Research]
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