Noble Drilling is in the business of providing drilling services for the oil and gas industry. Noble has over 60 offshore drilling rigs including semi-submersibles, drillships, jackups and submersibles.
Nobel’s stock price is up about 100% from its low price in December of 2008 and well off of its two-year high price in the upper $60 range. Nobel’s current stock price is near its previous support level in the $40 range which occurred around the first of November 2009.
Noble’s November, December and January call option and put option volume has been significantly high today with higher volume for the put options. The November put option volume is interesting as the November stock options expire today and the November put options with high volume are in-the-money, so apparently somebody wants to acquire a large amount of Nobel’s stock by having it assigned to them via the put options.
|Sign up now for PowerOptions 14-day free trial|
Noble is a good company with great prospects now that the price of oil is over $70 a barrel. A covered call investing position for Noble for December is worth considering with a potential return of 5% and with a time frame for realizing the profit of only 29 days. The December 39 call option is of interest with a ticker symbol of NELN.
|See what the stock option experts are doing
Sign up now for PowerOptionsApplied 30-day risk free trial
To enter the covered call investing position an investor would purchase the stock in multiples of 100 shares for their trading portfolio and sell one call option for each 100 shares of stock purchased for their personal stock portfolio.
| Free stock option newsletter
» return goal > 2% / month
» works in any market
For more information about how to identify and research great option trades, visit the PowerOptions website. There you will find the data you need to make quick, clear, and informed decisions. You can trade knowing you have found the best investment. Also, PowerOptions will allow you, with a few quick clicks, to quickly and accurately compare trades. PowerOptions’ premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971.
| Want to protect your portfolio/401K from market downside?
yet still benefit from market upside
Sign up now for the free Sketch
| Learn how to profit from winner stocks
and protect yourself from loser stocks
Download free Trade Simulator now
PowerOptions’ sister company PowerOptionsApplied provides expert stock option trading recommendations. PowerOptionsApplied specializes in covered calls, naked puts and iron condor stock options strategy recommendations. PowerOptionsApplied provides a 30-day risk free trial of its service.
| Learn to trade like the pros
Signup for free Webinars now
[tags] oil and gas industry, semi-submersibles, drillships, jackups, submersibles, DO, Diamond Offshore Drilling Inc., NBR, Nabors Indus. Inc., NE, Noble Drilling Corp., RIG, Transocean Offshore Inc. [/tags]