NICOR (GAS) 11/2/09 PriceWatch Alert Up To 8.63% Downside Protection
Posted: Monday, November 02, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
NICOR (NYSE: GAS) ended the last trading session at $37.08. So far the stock has hit a 52-week low of $27.50 and 52-week high of $47.60. NICOR stock has been showing support around 36.03 and resistance in the 39.19 range. Technical indicators for the stock are Bullish and S&P gives GAS a positive 4 STAR (out of 5) buy rating. GAS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 35 covered call (GAS DG) for a net debit in the $33.88 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 8.63% downside protection and a 3.31% assigned return rate for a 7.27% annualized return rate (comparison purposes only). NICOR has a current annual dividend yield of 4.99%. [ABR-Seven Summits Research]
CLICK HERE: FREE NICOR (GAS) Stock ReportSee what our analysts have uncovered about NICOR (GAS).