Occidental Petroleum (OXY) PriceWatch Alert For 11/4/2009 - Covered Call Risk Ranking Improves to 4 Keys
Posted: Wednesday, November 04, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Occidental Petroleum (NYSE: OXY) closed yesterday at $79.49. So far the stock has hit a 52-week low of $40.18 and 52-week high of $84.75. The proprietary Key Risk Ranking for OXY 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 a conservative covered call trade on this underlying stock with a targeted 7.83% return (39.16% 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. [WBA-Seven Summits Research]
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