American Express (AXP) PriceWatch Alert For 11/17/2009 - Covered Call Risk Ranking Declines to 2 Keys
Posted: Tuesday, November 17, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
American Express (NYSE: AXP) closed yesterday at $41.44. So far the stock has hit a 52-week low of $9.71 and 52-week high of $41.98. The proprietary Key Risk Ranking for AXP 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 6.16% return (37.49% 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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