ASML Holding (ASML) 10/19/09 PriceWatch Alert With 9.50% Downside Protection
Posted: Monday, October 19, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
ASML Holding (NasdaqNM: ASML) ended the last trading session at $29.47. So far the stock has hit a 52-week low of $12.64 and 52-week high of $32.37. ASML stock has been showing support around 28.87 and resistance in the 30.31 range. Technical indicators for the stock are Bullish and S&P gives ASML a positive 4 STAR (out of 5) buy 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 an 180 day duration, provides 9.50% downside protection and a 12.49% assigned return rate for a 25.32% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.72%. [ABR-Seven Summits Research]
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