Unum Group (UNM) PriceWatch Alert At $11.62 Break Even

Posted: Friday, June 26, 2009 8:07 AM EDT

Unum Group (NYSE: UNM) closed yesterday at $15.92. 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 15.14 and resistance in the 16.36 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 $11.62 area. That is also the break even stock price for this trade. This covered call has a 176 day duration, provides 27.01% downside protection and a 7.57% assigned return rate for a 15.71% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.95%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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