Total (TOT) 10/19/09 PriceWatch Alert At $60.67 Break Even

Posted: Monday, October 19, 2009 8:40 AM EDT

Total (NYSE: TOT) ended the last trading session at $63.17. So far the stock has hit a 52-week low of $42.60 and 52-week high of $63.35. Total stock has been showing support around 62.12 and resistance in the 63.88 range. Technical indicators for the stock are Bullish and S&P gives TOT a very positive 5 STAR (out of 5) strong buy rating. TOT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 65 covered call (TOT BM) for a net debit in the $60.67 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 3.96% downside protection and a 7.14% assigned return rate for a 21.01% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.07%. [ABR-Seven Summits Research]

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