Credit Suisse Group (CS) 10/29/09 PriceWatch Alert With $47.91 Break Even

Posted: Thursday, October 29, 2009 8:03 AM EDT

Credit Suisse Group (NYSE: CS) closed yesterday at $52.21. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 51.05 and resistance in the 54.41 range. Technical indicators for the stock are Bearish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '09 50 covered call (CS LJ) for a net debit in the $47.91 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 8.24% downside protection and a 4.36% assigned return rate for a 31.22% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [THA-Seven Summits Research]

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