Sanofi Aventis (SNY) PriceWatch Alert Up To 16.47% Return

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

Sanofi Aventis (NYSE: SNY) closed yesterday at $29.70. So far the stock has hit a 52-week low of $23.95 and 52-week high of $37.11. Sanofi Aventis stock has been showing support around 29.33 and resistance in the 30.19 range. Technical indicators for the stock are Bearish and S&P gives SNY a positive 4 STAR (out of 5) buy rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '09 27.50 covered call (SNY IY) for a net debit in the $26.60 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 10.44% downside protection and a 3.38% assigned return rate for a 16.47% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 3.61%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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