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Covered Call Picks - February 21, 2013

|Includes:JCP, TPX

Here are our latest covered free covered call picks for February 21, 2013.

ZNGA is down significantly over the last two days, with its recent volatility boosting the potential yield for the March $3.00 call to over 7%. The April call yields 11%.

MCP is also offering potentially high returns for both the March and April $7 calls.

TPX might be worth a look for both March and April. Earnings are due mid April.

Lastly, with earnings due next week, JCP continues to top our picks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: ZNGAIQ, TPX, JCP