Schlumberger (SLB) PriceWatch Alert For 11/6/2009 - Covered Call Risk Ranking Declines to 2 Keys

Posted: Friday, November 06, 2009 8:45 AM EDT

Schlumberger (NYSE: SLB) closed yesterday at $65.10. So far the stock has hit a 52-week low of $35.05 and 52-week high of $71.10. The proprietary Key Risk Ranking for SLB 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 7.17% return (36.87% 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. [FBB-Seven Summits Research]

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