Omniture (OMTR) PriceWatch Alert Targets 30.99% Downside Protection

Posted: Wednesday, June 10, 2009 8:07 AM EDT

Omniture (NasdaqNM: OMTR) closed yesterday at $13.23. So far the stock has hit a 52-week low of $7.15 and 52-week high of $23.85. Omniture stock has been showing support around 12.62 and resistance in the 13.74 range. Technical indicators for the stock are Bullish and S&P gives OMTR a weak 2 STAR (out of 5) sell rating. OMTR appears on the Investors Observer Stocks In The News list. Morgan Stanley upgraded OMTR on Tuesday to Overweight from Equal-Weight. For a hedged play on this stock, look at a Dec '09 10 covered call (MOQ LB) for a net debit in the $9.13 area. That is also the break even stock price for this trade. This covered call has a 192 day duration, provides 30.99% downside protection and a 9.53% assigned return rate for an 18.12% annualized return rate (comparison purposes only). Omniture 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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