Landstar System (LSTR) 12/31/09 PriceWatch Alert With $38.30 Break Even
Posted: Thursday, December 31, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Landstar System (NASDAQ: LSTR) closed yesterday at $39.65. So far the stock has hit a 52-week low of $27.21 and 52-week high of $41.65. Landstar System stock has been showing support around 39.12 and resistance in the 40.22 range. Technical indicators for the stock are Bullish and S&P gives LSTR a positive 4 STAR (out of 5) buy rating. LSTR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 40 covered call for a net debit in the $38.30 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 3.40% downside protection and a 4.44% assigned return rate for a 31.77% annualized return rate (comparison purposes only). Landstar System has a current annual dividend yield of 0.46%. [THA-Seven Summits Research]
CLICK HERE: FREE Landstar System (LSTR) Stock ReportSee what our analysts have uncovered about Landstar System (LSTR).