UBS (UBS) 10/29/09 PriceWatch Alert Targets 18.56% Return

Posted: Thursday, October 29, 2009 8:41 AM EDT

UBS (NYSE: UBS) closed yesterday at $16.59. So far the stock has hit a 52-week low of $7.04 and 52-week high of $19.32. UBS stock has been showing support around 16.16 and resistance in the 17.30 range. Technical indicators for the stock are Bearish and S&P gives UBS a neutral 3 STAR (out of 5) hold rating. UBS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 15 covered call (UBS CC) for a net debit in the $13.99 area. That is also the break even stock price for this trade. This covered call has a 142 day duration, provides 15.67% downside protection and a 7.22% assigned return rate for an 18.56% annualized return rate (comparison purposes only). UBS does not pay dividends at this time. [THA-Seven Summits Research]

Click Symbol For More News On: (UBS)