Alaska Air Group (ALK) 2/9/10 PriceWatch Alert Could Hit 20.93% Return
Posted: Tuesday, February 09, 2010 8:35 AM EDT
By: Market Intelligence Center Staff
Alaska Air Group (NYSE: ALK) closed yesterday at $32.39. So far the stock has hit a 52-week low of $13.61 and 52-week high of $37.95. Alaska Air Group stock has been showing support around 31.36 and resistance in the 33.42 range. Technical indicators for the stock are Bearish and S&P gives ALK a neutral 3 STAR (out of 5) hold rating. ALK appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 30 covered call for a net debit in the $28.89 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 10.81% downside protection and a 3.84% assigned return rate for a 20.93% annualized return rate (comparison purposes only). Alaska Air Group does not pay dividends at this time. [ATU-Seven Summits Research]
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