TD Ameritrade (AMTD) PriceWatch Alert Support At Around $20.19

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

TD Ameritrade (NasdaqNM: AMTD) ended the last trading session at $20.84. So far the stock has hit a 52-week low of $15.06 and 52-week high of $21.42. TD Ameritrade stock has been showing support around 20.19 and resistance in the 21.75 range. Technical indicators for the stock are Bullish and S&P gives AMTD a neutral 3 STAR (out of 5) hold rating. AMTD appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '09 17.50 covered call (TQA BW) for a net debit in the $16.34 area. That is also the break even stock price for this trade. This covered call has a 171 day duration, provides 21.59% downside protection and a 7.10% assigned return rate for a 15.15% annualized return rate (comparison purposes only). TD Ameritrade 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]