Fortune Brands (FO) 2/9/10 PriceWatch Alert Up To 7.62% Downside Protection
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
Fortune Brands (NYSE: FO) closed yesterday at $40.66. So far the stock has hit a 52-week low of $17.68 and 52-week high of $46.77. Fortune Brands stock has been showing support around 39.80 and resistance in the 41.52 range. Technical indicators for the stock are Bearish and S&P gives FO a neutral 3 STAR (out of 5) hold rating. FO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $37.56 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.62% downside protection and a 6.50% assigned return rate for an 18.24% annualized return rate (comparison purposes only). Fortune Brands has a current annual dividend yield of 1.81%. [ATU-Seven Summits Research]
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