Aetna (AET) 10/26/09 PriceWatch Alert Targets 11.32% Downside Protection
Posted: Monday, October 26, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Aetna (NYSE: AET) ended the last trading session at $26.07. So far the stock has hit a 52-week low of $14.21 and 52-week high of $34.87. Aetna stock has been showing support around 25.77 and resistance in the 26.33 range. Technical indicators for the stock are Bearish and S&P gives AET a neutral 3 STAR (out of 5) hold rating. AET appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Dec '09 24 covered call (AET LI) for a net debit in the $23.12 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 11.32% downside protection and a 3.81% assigned return rate for a 25.73% annualized return rate (comparison purposes only). Aetna has a current annual dividend yield of 0.16%. [ABR-Seven Summits Research]
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