Advent Software (ADVS) PriceWatch Alert With $38.38 Break Even

Posted on Wednesday, September 03, 2008 8:07 AM

Advent Software (NasdaqNM: ADVS) ended the last trading session at $44.88. So far the stock has hit a 52-week low of $32.90 and 52-week high of $58.27. Advent Software stock has been showing support around 43.08 and resistance in the 47.92 range. Technical indicators for the stock are Bullish and S&P gives ADVS a neutral 3 STAR (out of 5) hold rating. ADVS appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Nov '08 40 covered call (UIV KH) for a net debit in the $38.38 area. That is also the break even stock price for this trade. This covered call has an 80 day duration, provides 14.48% downside protection and a 4.22% assigned return rate for a 19.26% annualized return rate (comparison purposes only). Advent Software does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]