Total (TOT) 10/22/09 PriceWatch Alert With $62.17 Break Even
Posted: Thursday, October 22, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Total (NYSE: TOT) closed yesterday at $63.72. So far the stock has hit a 52-week low of $42.60 and 52-week high of $64.65. Total stock has been showing support around 62.25 and resistance in the 65.39 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 $62.17 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 2.43% downside protection and a 4.55% assigned return rate for a 28.65% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.00%. [THA-Seven Summits Research]
CLICK HERE: FREE Total (TOT) Stock ReportSee what our analysts have uncovered about Total (TOT).