ASML Holding (ASML) 10/8/09 PriceWatch Alert Targets 9.69% Downside Protection

Posted: Thursday, October 08, 2009 8:33 AM EDT

ASML Holding (NasdaqNM: ASML) closed yesterday at $29.40. So far the stock has hit a 52-week low of $12.64 and 52-week high of $30.38. ASML stock has been showing support around 28.90 and resistance in the 29.82 range. Technical indicators for the stock are Bullish and S&P gives ASML a neutral 3 STAR (out of 5) hold rating. ASML appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 30 covered call (MFQ DF) for a net debit in the $26.55 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 9.69% downside protection and a 12.99% assigned return rate for a 24.83% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.78%. [THA-Seven Summits Research]

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