Atheros Communications (ATHR) PriceWatch Alert Down To $13.90 Break Even
Posted: Friday, June 19, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Atheros Communications (NasdaqNM: ATHR) closed yesterday at $18.00. So far the stock has hit a 52-week low of $11.26 and 52-week high of $34.75. Atheros Communications stock has been showing support around 17.26 and resistance in the 19.18 range. Technical indicators for the stock are Bullish. ATHR appears on the Investors Observer Stocks In The News list. Roth Capital upgraded ATHR on Thursday to Buy from Hold. For a hedged play on this stock, look at a Dec '09 15 covered call (QRA LC) for a net debit in the $13.90 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 22.78% downside protection and a 7.91% assigned return rate for a 15.78% annualized return rate (comparison purposes only). Atheros Communications 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]
CLICK HERE: FREE Atheros Communications (ATHR) Stock ReportSee what our analysts have uncovered about Atheros Communications (ATHR).