Air Products and Chemicals (APD) 10/28/09 PriceWatch Alert Up To 4.46% Downside Protection

Posted: Wednesday, October 28, 2009 8:17 AM EDT

Air Products and Chemicals (NYSE: APD) closed yesterday at $80.72. So far the stock has hit a 52-week low of $41.46 and 52-week high of $84.43. Air Products and Chemicals stock has been showing support around 79.28 and resistance in the 82.30 range. Technical indicators for the stock are Bullish and S&P gives APD a neutral 3 STAR (out of 5) hold rating. APD appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Dec '09 80 covered call (APD LP) for a net debit in the $77.12 area. That is also the break even stock price for this trade. This covered call has a 52 day duration, provides 4.46% downside protection and a 3.73% assigned return rate for a 26.21% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.22%. [WBA-Seven Summits Research]

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