Amylin Pharmaceuticals (AMLN) 10/21/09 PriceWatch Alert With $9.04 Break Even
Posted: Wednesday, October 21, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Amylin Pharmaceuticals (NasdaqNM: AMLN) closed yesterday at $13.14. So far the stock has hit a 52-week low of $5.50 and 52-week high of $15.69. Amylin Pharmaceuticals stock has been showing support around 12.77 and resistance in the 13.85 range. Technical indicators for the stock are Bullish and S&P gives AMLN a neutral 3 STAR (out of 5) hold rating. AMLN appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 10 covered call (AQM DB) for a net debit in the $9.04 area. That is also the break even stock price for this trade. This covered call has a 178 day duration, provides 31.20% downside protection and a 10.62% assigned return rate for a 21.78% annualized return rate (comparison purposes only). Amylin Pharmaceuticals does not pay dividends at this time. [WBA-Seven Summits Research]
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