Scripps Networks Interactive Inc. (SNI) Showing Bearish Price Movement
Posted: Thursday, September 02, 2010 9:14 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $41.81. So far the stock has hit a 52-week low of $32.03 and 52-week high of $48.08. Scripps Networks stock has been showing support around 40.16 and resistance in the 42.74 range. Technical indicators for the stock are Bearish and S&P gives SNI a positive 4 STAR (out of 5) buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '10 40 covered call for a net debit in the $38.01 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 9.09% downside protection and a 5.24% assigned return rate for a 17.86% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.74%. [THA-Seven Summits Research]
CLICK HERE: FREE Scripps Networks (SNI) Stock ReportSee what our analysts have uncovered about Scripps Networks (SNI).