Time Warner Cable Inc. (TWC) 2/9/10 PriceWatch Alert With $42.42 Break Even
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
Time Warner Cable Inc. (NYSE: TWC) closed yesterday at $44.27. So far the stock has hit a 52-week low of $20.19 and 52-week high of $61.23. Time Warner Cable Inc. stock has been showing support around 43.54 and resistance in the 45.66 range. Technical indicators for the stock are Bullish and S&P gives TWC a very positive 5 STAR (out of 5) strong buy rating. TWC appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 45 covered call for a net debit in the $42.42 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 4.18% downside protection and a 6.08% assigned return rate for a 33.13% annualized return rate (comparison purposes only). Time Warner Cable Inc. does not pay dividends at this time. [ATU-Seven Summits Research]
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