Amylin Pharmaceuticals (AMLN) 10/7/09 PriceWatch Alert With $8.99 Break Even

Posted: Wednesday, October 07, 2009 8:21 AM EDT

Amylin Pharmaceuticals (NasdaqNM: AMLN) closed yesterday at $13.39. So far the stock has hit a 52-week low of $5.50 and 52-week high of $16.90. Amylin Pharmaceuticals stock has been showing support around 13.02 and resistance in the 13.84 range. Technical indicators for the stock are Bullish and S&P gives AMLN a neutral 3 STAR (out of 5) hold rating. AMLN appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 10 covered call (AQM DB) for a net debit in the $8.99 area. That is also the break even stock price for this trade. This covered call has a 192 day duration, provides 32.86% downside protection and an 11.23% assigned return rate for a 21.36% annualized return rate (comparison purposes only). Amylin Pharmaceuticals does not pay dividends at this time. [WBA-Seven Summits Research]

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