Macrovision (MVSN) PriceWatch Alert Up To 22.12% Downside Protection

Posted: Tuesday, May 12, 2009 8:07 AM EDT

Macrovision (NasdaqNM: MVSN) closed yesterday at $21.25. So far the stock has hit a 52-week low of $8.46 and 52-week high of $22.66. Macrovision stock has been showing support around 20.48 and resistance in the 22.20 range. Technical indicators for the stock are Bullish. MVSN appears on the Investors Observer Stocks In The News list. Collins Stewart initiated MVSN at Buy Monday with a $32 price target. For a hedged play on this stock, look at an Oct '09 17.50 covered call (MVU JW) for a net debit in the $16.55 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 22.12% downside protection and a 5.74% assigned return rate for a 13.26% annualized return rate (comparison purposes only). Macrovision 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]

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