Bank of America (BAC) PriceWatch Alert For 11/19/2009 - Calendar Spread Risk Ranking Declines to 3 Keys
Posted: Thursday, November 19, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Bank of America (NYSE: BAC) closed yesterday at $16.35. So far the stock has hit a 52-week low of $2.53 and 52-week high of $19.10. The proprietary Key Risk Ranking for BAC has declined from a 4 KEY Low Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 14.94% return (30.00% 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. [THA-Seven Summits Research]
CLICK HERE: FREE Bank of America (BAC) Stock ReportSee what our analysts have uncovered about Bank of America (BAC).