Total (TOT) 10/21/09 PriceWatch Alert Targets 2.28% Downside Protection

Posted: Wednesday, October 21, 2009 8:06 AM EDT

Total (NYSE: TOT) closed yesterday at $63.55. So far the stock has hit a 52-week low of $42.60 and 52-week high of $64.02. Total stock has been showing support around 62.59 and resistance in the 64.41 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 Dec '09 65 covered call (TOT LM) for a net debit in the $62.10 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 2.28% downside protection and a 4.67% assigned return rate for a 28.89% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.04%. [WBA-Seven Summits Research]

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