VCA Antech (WOOF) 11/3/09 PriceWatch Alert With 10.91% Downside Protection

Posted: Tuesday, November 03, 2009 8:30 AM EDT

VCA Antech (NasdaqNM: WOOF) closed yesterday at $23.83. So far the stock has hit a 52-week low of $14.17 and 52-week high of $27.99. VCA Antech stock has been showing support around 23.34 and resistance in the 24.32 range. Technical indicators for the stock are Bearish and S&P gives WOOF a neutral 3 STAR (out of 5) hold rating. WOOF appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 22.50 covered call (QWF CX) for a net debit in the $21.23 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 10.91% downside protection and a 5.98% assigned return rate for a 15.94% annualized return rate (comparison purposes only). VCA Antech does not pay dividends at this time. [ATU-Seven Summits Research]

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