Amylin Pharmaceuticals (AMLN) 10/22/09 PriceWatch Alert With $9.12 Break Even
Posted: Thursday, October 22, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Amylin Pharmaceuticals (NasdaqNM: AMLN) closed yesterday at $13.12. 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 12.56 and resistance in the 14.08 range. Technical indicators for the stock are Bearish 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 $9.12 area. That is also the break even stock price for this trade. This covered call has a 177 day duration, provides 30.49% downside protection and a 9.65% assigned return rate for a 19.90% annualized return rate (comparison purposes only). Amylin Pharmaceuticals does not pay dividends at this time. [THA-Seven Summits Research]
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