Endurance Specialty (ENH) Appears On Investors Observer Hedged Dividend Income List

Posted: Thursday, November 19, 2009 9:07 AM EDT

Endurance Specialty (NYSE: ENH) closed yesterday at $37.35. So far the stock has hit a 52-week low of $19.32 and 52-week high of $38.58. Endurance Specialty stock has been showing support around 36.25 and resistance in the 38.11 range. Technical indicators for the stock are Bullish and S&P gives ENH a neutral 3 STAR (out of 5) hold rating. ENH appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 35 covered call (ENH DG) for a net debit in the $33.85 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 9.37% downside protection and a 3.40% assigned return rate for an 8.32% annualized return rate (comparison purposes only). Endurance Specialty has a current annual dividend yield of 2.71%. [THA-Seven Summits Research] Source: IOHPWA

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