CBR (CIBER, Inc.)CBR appears as though it may be in the process of reaffirming the $3 level as support. With a positive divergence in MACD, there is some suggestion that this one may be ready to begin a move back up. If it can get past $3.20, it looks as though it has about an 18 3/4% potential move before it has to deal with resistance.
AMR(AMR Corporation)With the recent jump in volatility, I like to look at candidates where I can sell premium to take advantage of high implied volatility that often translates into expensive options. They can be particularly when they also appear to be overvalued. In the case of AMR, I see a relatively low priced stock that appears as though it has formed some support with options that appear that they may be relatively expensive and somewhat overvalued. As I wrote this on Friday, the out of the money June $6 puts were offering a static or unassigned return of over 4% for the month. When selling naked puts, there is always the risk that the stock may be assigned to me if the share price falls below the strike I have sold so I have that amount less what the market pays me as the overall risk in the trade
CSH (Cash America International Inc.)CSH appears to be forming a base in the $35 range near the 200 day exponential moving average. An entry on a bounce up from that support level might be attractive because it also offers a nearby exit if the share price dips as well as it sets up a decent potential reward to risk ratio with a target in the $41.50 area.
BUCY - Bucyrus International, Inc. is currently trading at $50.06. The June $50.00 Calls (BUCY20100619C00050000) are trading at $3.90. That provides a return of about 8% if BUCY is above $50.00 on expiration Friday in June.
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