Time Warner (TWX) 2/9/10 PriceWatch Alert Down To $25.12 Break Even
Posted: Tuesday, February 09, 2010 8:09 AM EDT
Time Warner (NYSE: TWX) closed yesterday at $26.92. So far the stock has hit a 52-week low of $17.81 and 52-week high of $32.85. Time Warner stock has been showing support around 26.49 and resistance in the 27.63 range. Technical indicators for the stock are Bearish and S&P gives TWX a positive 4 STAR (out of 5) buy rating. TWX appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '10 26 covered call for a net debit in the $25.12 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 6.69% downside protection and a 3.50% assigned return rate for a 19.08% annualized return rate (comparison purposes only). Time Warner has a current annual dividend yield of 2.72%. [ATU-Seven Summits Research]
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