Goldman Sachs is out with a research report this morning, where it's analyst, Bill Shope, sees risk to Hewlett Packard's HPQ 2H2011 EPS and 13% downside to shares.
The analysts suggests selling covered calls on long positions as an exit strategy or as a means to enhance returns, as the stock is likely to languish in ‘‘wait and see'' mode during the leadership transition.
Mr. Shope recommends selling the May $45.00 call for $2.15.
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