Unum Group (UNM) 10/27/09 PriceWatch Alert Could Hit 12.94% Return

Posted: Tuesday, October 27, 2009 8:38 AM EDT

Unum Group (NYSE: UNM) closed yesterday at $20.75. So far the stock has hit a 52-week low of $7.61 and 52-week high of $23.25. Unum Group stock has been showing support around 19.99 and resistance in the 22.01 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (UNM CW) for a net debit in the $16.65 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 19.76% downside protection and a 5.11% assigned return rate for a 12.94% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.51%. [ATU-Seven Summits Research]

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