New Trade : NBR

Stock / Symbol: Nabors Industries / NBR

Price at trade post: $18.60
Option Strategy: [private_monthly]covered call[/private_monthly]

Reasoning:[private_monthly] With solid fundamentals and with NBR trading near the low end of it's trading range, we feel that NBR makes for a good covered call here. With a break even of $17.45 on the trade, the stock can pull back 5% and still be profitable. [/private_monthly]

Trade Details:

BTO 100 Shares NBR
STO 1 NBR Feb12 18 call
for a net debit of $17.45 per share (GTC, limit order)


Cost/Proceeds $1,745.00
Option Requirement $0.00
Total Requirements $1,745.00
Estimated Commission $21.90

Max Risk: $1,745
Max Reward: $55 or 3.1% by Feb 17
Profit Range: $17.45 + by Feb 17
Suggested Stop @: $15.74


Non-members, click here for access

Speak Your Mind