Unum Group (UNM) PriceWatch Alert Targets 26.75% Downside Protection
Posted: Thursday, June 25, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Unum Group (NYSE: UNM) closed yesterday at $15.70. So far the stock has hit a 52-week low of $7.61 and 52-week high of $27.50. Unum Group stock has been showing support around 15.17 and resistance in the 16.25 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '09 12.50 covered call (UNM LV) for a net debit in the $11.50 area. That is also the break even stock price for this trade. This covered call has a 177 day duration, provides 26.75% downside protection and an 8.70% assigned return rate for a 17.93% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.98%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Unum Group (UNM) Stock ReportSee what our analysts have uncovered about Unum Group (UNM).