Thermo Fisher Scientific (TMO) PriceWatch Alert Up To 3.37% Downside Protection

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

Thermo Fisher Scientific (NYSE: TMO) ended the last trading session at $56.38. So far the stock has hit a 52-week low of $46.63 and 52-week high of $62.77. Thermo Fisher Scientific stock has been showing support around 55.61 and resistance in the 57.33 range. Technical indicators for the stock are Bearish and S&P gives TMO a very positive 5 STAR (out of 5) strong buy rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '08 60 covered call (TMO LL) for a net debit in the $54.48 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 3.37% downside protection and a 10.13% assigned return rate for a 35.91% annualized return rate (comparison purposes only). Thermo Fisher Scientific 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]