Scripps Networks Interactive Inc. (SNI) PriceWatch Alert Targets 19.56% Downside Protection

Posted: Monday, July 06, 2009 8:07 AM EDT

Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $26.58. So far the stock has hit a 52-week low of $18.10 and 52-week high of $44.98. Scripps Networks stock has been showing support around 25.97 and resistance in the 27.81 range. Technical indicators for the stock are Bearish and S&P gives SNI a neutral 3 STAR (out of 5) hold rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Sep '09 22.50 covered call (SNI IX) for a net debit in the $21.38 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 19.56% downside protection and a 5.24% assigned return rate for a 25.49% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 1.08%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

Click Symbol For More News On: (SNI)