ASML Holding (ASML) 10/9/09 PriceWatch Alert Up To 10.11% Downside Protection

Posted: Friday, October 09, 2009 8:27 AM EDT

ASML Holding (NasdaqNM: ASML) closed yesterday at $29.67. 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 29.11 and resistance in the 30.23 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 $26.67 area. That is also the break even stock price for this trade. This covered call has a 190 day duration, provides 10.11% downside protection and a 12.49% assigned return rate for a 23.99% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.75%. [FBB-Seven Summits Research]

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