Unum Group (UNM) PriceWatch Alert Targets 20.37% Return

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

Unum Group (NYSE: UNM) closed yesterday at $15.04. 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 14.48 and resistance in the 16.16 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 $11.44 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 23.94% downside protection and a 9.27% assigned return rate for a 20.37% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.88%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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