Wyeth (WYE) 10/8/09 PriceWatch Alert Up To 4.03% Return

Posted: Thursday, October 08, 2009 8:09 AM EDT

Wyeth (NYSE: WYE) closed yesterday at $48.87. So far the stock has hit a 52-week low of $28.06 and 52-week high of $48.99. Wyeth stock has been showing support around 48.39 and resistance in the 49.23 range. Technical indicators for the stock are Bullish and S&P gives WYE a neutral 3 STAR (out of 5) hold rating. WYE appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 47.50 covered call (WYE DW) for a net debit in the $46.52 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 4.81% downside protection and a 2.11% assigned return rate for a 4.03% annualized return rate (comparison purposes only). Wyeth has a current annual dividend yield of 2.49%. [THA-Seven Summits Research]

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