Millipore (MIL) PriceWatch Alert With 5.35% Downside Protection

Posted: Tuesday, June 30, 2009 8:07 AM EDT

Millipore (NYSE: MIL) closed yesterday at $70.99. So far the stock has hit a 52-week low of $43.36 and 52-week high of $76.92. Millipore stock has been showing support around 69.59 and resistance in the 73.13 range. Technical indicators for the stock are Bullish and S&P gives MIL a positive 4 STAR (out of 5) buy rating. MIL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Aug '09 70 covered call (MIL HN) for a net debit in the $67.19 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 5.35% downside protection and a 4.18% assigned return rate for a 28.80% annualized return rate (comparison purposes only). Millipore 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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