Vornado Realty Trust (VNO) PriceWatch Alert At $37.48 Break Even

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

Vornado Realty Trust (NYSE: VNO) closed yesterday at $42.48. So far the stock has hit a 52-week low of $27.01 and 52-week high of $108.15. Vornado Realty Trust stock has been showing support around 40.55 and resistance in the 45.93 range. Technical indicators for the stock are Bearish and S&P gives VNO a neutral 3 STAR (out of 5) hold rating. VNO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Sep '09 40 covered call (VNO IH) for a net debit in the $37.48 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 11.77% downside protection and a 6.72% assigned return rate for a 32.72% annualized return rate (comparison purposes only). Vornado Realty Trust has a current annual dividend yield of 8.44%. [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: (VNO)