Total (TOT) 10/26/09 PriceWatch Alert Up To 2.13% Downside Protection

Posted: Monday, October 26, 2009 8:39 AM EDT

Total (NYSE: TOT) ended the last trading session at $63.43. 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 62.19 and resistance in the 65.15 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 $62.08 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 2.13% downside protection and a 4.70% assigned return rate for a 31.79% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.00%. [ABR-Seven Summits Research]

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