Allergan (AGN) PriceWatch Alert Up To 13.53% Downside Protection
Posted: Wednesday, June 17, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Allergan (NYSE: AGN) closed yesterday at $43.61. So far the stock has hit a 52-week low of $28.95 and 52-week high of $61.72. Allergan stock has been showing support around 42.62 and resistance in the 45.52 range. Technical indicators for the stock are Bearish and S&P gives AGN a neutral 3 STAR (out of 5) hold rating. AGN appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Oct '09 40 covered call (AGN JH) for a net debit in the $37.71 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 13.53% downside protection and a 6.07% assigned return rate for an 18.17% annualized return rate (comparison purposes only). Allergan has a current annual dividend yield of 0.43%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Allergan (AGN) Stock ReportSee what our analysts have uncovered about Allergan (AGN).