Atheros Communications (ATHR) PriceWatch Alert Targets 13.97% Downside Protection
Posted: Thursday, July 16, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Atheros Communications (NasdaqNM: ATHR) closed yesterday at $21.47. So far the stock has hit a 52-week low of $11.26 and 52-week high of $34.75. Atheros Communications stock has been showing support around 20.00 and resistance in the 22.28 range. Technical indicators for the stock are Bullish. ATHR appears on the Investors Observer Stocks In The News list. Lazard Capital upgraded ATHR Tuesday to Buy from Hold. For a hedged play on this stock, look at a Dec '09 20 covered call (QRA LD) for a net debit in the $18.47 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 13.97% downside protection and an 8.28% assigned return rate for a 19.38% annualized return rate (comparison purposes only). Atheros Communications 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]
CLICK HERE: FREE Atheros Communications (ATHR) Stock ReportSee what our analysts have uncovered about Atheros Communications (ATHR).