Unum Group (UNM) 10/29/09 PriceWatch Alert At $16.37 Break Even

Posted: Thursday, October 29, 2009 8:34 AM EDT

Unum Group (NYSE: UNM) closed yesterday at $19.87. 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 19.33 and resistance in the 20.87 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 $16.37 area. That is also the break even stock price for this trade. This covered call has a 142 day duration, provides 17.61% downside protection and a 6.90% assigned return rate for a 17.74% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.59%. [THA-Seven Summits Research]

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