United States Steel Corporation (X)

[ak17072001]

Some are predicting eventually a $55-$60 price for this. X is not my favorite for a steel play right now but it will likely deliver solid gains by 1/1/2015.

If nothing else and you are afraid of downside and somewhat risk adverse buy 1000 shares of X. Cost you $30,000. Sell covered calls for 1000 shares for January 2015 nets you $4500 right now. A 15% return for a year on a fairly safe investment and you have to do nothing but hold it 365 days? Not bad in my opinion.