NuStar Energy LP (NS) 10/21/09 PriceWatch Alert Up To 2.09% Downside Protection
Posted: Wednesday, October 21, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $55.02. So far the stock has hit a 52-week low of $30.20 and 52-week high of $57.68. NuStar Energy stock has been showing support around 54.41 and resistance in the 55.87 range. Technical indicators for the stock are Bullish and S&P gives NS a positive 4 STAR (out of 5) buy rating. NS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '09 55 covered call (NS LK) for a net debit in the $53.87 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 2.09% downside protection and a 2.10% assigned return rate for a 12.98% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 7.73%. [WBA-Seven Summits Research]
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