Cadbury Plc (CBY) 12/3/09 PriceWatch Alert With 3.18% Downside Protection
Posted: Thursday, December 03, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Cadbury Plc (NYSE: CBY) closed yesterday at $53.43. So far the stock has hit a 52-week low of $27.58 and 52-week high of $56.34. Cadbury stock has been showing support around 53.06 and resistance in the 53.86 range. Technical indicators for the stock are Bullish. CBY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 55 covered call (CBY CK) for a net debit in the $51.73 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 3.18% downside protection and a 6.32% assigned return rate for a 21.56% annualized return rate (comparison purposes only). Cadbury has a current annual dividend yield of 1.90%. [THA-Seven Summits Research]
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