Energy Transfer Partners LP (ETP) 2/9/10 PriceWatch Alert With $42.53 Break Even
Posted: Tuesday, February 09, 2010 8:38 AM EDT
By: Market Intelligence Center Staff
Energy Transfer Partners LP (NYSE: ETP) closed yesterday at $43.93. So far the stock has hit a 52-week low of $30.72 and 52-week high of $47.44. Energy Transfer Partners LP stock has been showing support around 43.22 and resistance in the 44.68 range. Technical indicators for the stock are Bearish and S&P gives ETP a positive 4 STAR (out of 5) buy rating. ETP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 45 covered call for a net debit in the $42.53 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.19% downside protection and a 5.81% assigned return rate for a 16.31% annualized return rate (comparison purposes only). Energy Transfer Partners LP has a current annual dividend yield of 8.06%. [ATU-Seven Summits Research]
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