Covered Call Writing Update: Weekly Options Make Every Friday Payday Advance

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Recent Analyst downgrades include Prosperity Bancshares (NASDAQ: PRSP) which was downgraded to a Hold with the Buy by Sanders, Morris and Harris, Lamar Advertising (NASDAQ: LAMR) was downgraded to an Inline by Goldman Sachs, Herley Industries (NASDAQ: HRLY) was downgraded to an Underperform from just a Market Perform by Raymond James, Northrop Grumman (NYSE: NOC) was downgraded to a Neutral after a Buy by Banc of America and Johnson Controls (NYSE: JCI) was downgraded to a Neutral from an Outperform by Robert W. Baird.

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Recent analyst coverage initiations include Regis Corp (NYSE: RGS) which was initiated using a Peer Perform by Bear Stearns, Ethan Allen Interiors (NYSE: ETH) was initiated with an Outperform by Raymond James, Bancshares Florida (NASDAQ: BOFL) was initiated with an Outperform ratings and a $26 price target by Raymond James, RCN Corp (NASDAQ: RCNI), which also I've been seeing more and more RCN Vans in The big apple lately, but the company was initiated along with a Hold rating by Morgan, Joseph & Co, and Ingersoll-Rand (NYSE: IR) was initiated by using a Neutral rating and a cost target of $45 by Banc of America Stock options.

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