LG Philips (LPL) 10/19/09 PriceWatch Alert Targets 15.50% Downside Protection

Posted: Monday, October 19, 2009 8:43 AM EDT

LG Philips (NYSE: LPL) ended the last trading session at $13.55. 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 13.03 and resistance in the 13.87 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 an 180 day duration, provides 15.50% downside protection and a 9.17% assigned return rate for an 18.60% annualized return rate (comparison purposes only). LG Philips has a current annual dividend yield of 0.85%. [ABR-Seven Summits Research]

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