LG Philips (LPL) 10/6/09 PriceWatch Alert With $11.45 Break Even

Posted: Tuesday, October 06, 2009 8:30 AM EDT

LG Philips (NYSE: LPL) closed yesterday at $14.00. So far the stock has hit a 52-week low of $5.33 and 52-week high of $15.85. LG Philips stock has been showing support around 13.51 and resistance in the 14.35 range. Technical indicators for the stock are Bearish and S&P gives LPL a neutral 3 STAR (out of 5) hold rating. LPL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 12.50 covered call (LPL DV) for a net debit in the $11.45 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 18.21% downside protection and a 9.17% assigned return rate for a 17.34% annualized return rate (comparison purposes only). LG Philips has a current annual dividend yield of 0.91%. [ATU-Seven Summits Research]

Click Symbol For More News On: (LPL)