American Express (AXP) PriceWatch Alert - Covered Call Risk Ranking Improves to 3 Keys
Posted: Friday, November 13, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
American Express (NYSE: AXP) closed yesterday at $39.50. So far the stock has hit a 52-week low of $9.71 and 52-week high of $40.60. The proprietary Key Risk Ranking for AXP has improved from a 2 KEY Considerable Relative Risk to a 3 KEY Moderate 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 6.50% return (37.07% 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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