Sanofi Aventis (SNY) 11/19/09 PriceWatch Alert With $35.22 Break Even

Posted: Thursday, November 19, 2009 8:45 AM EDT

Sanofi Aventis (NYSE: SNY) closed yesterday at $38.42. So far the stock has hit a 52-week low of $23.95 and 52-week high of $40.17. Sanofi Aventis stock has been showing support around 37.92 and resistance in the 38.80 range. Technical indicators for the stock are Bullish and S&P gives SNY a neutral 3 STAR (out of 5) hold rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 37.50 covered call (SNY FU) for a net debit in the $35.22 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 8.33% downside protection and a 6.47% assigned return rate for an 11.15% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 2.87%. [THA-Seven Summits Research]

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