THQ (THQI) PriceWatch Alert Targets 22.21% Return

Posted on Monday, September 08, 2008 8:07 AM

THQ (NasdaqNM: THQI) ended the last trading session at $14.08. So far the stock has hit a 52-week low of $13.75 and 52-week high of $29.94. THQ stock has been showing support around 13.57 and resistance in the 14.75 range. Technical indicators for the stock are Bearish and S&P gives THQI a neutral 3 STAR (out of 5) hold rating. THQI appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '09 12.50 covered call (QHI CV) for a net debit in the $11.18 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 20.60% downside protection and an 11.81% assigned return rate for a 22.21% annualized return rate (comparison purposes only). THQ 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]