Landstar System (LSTR) 11/3/09 PriceWatch Alert At $33.04 Break Even

Posted: Tuesday, November 03, 2009 8:08 AM EDT

Landstar System (NasdaqNM: LSTR) closed yesterday at $34.89. So far the stock has hit a 52-week low of $27.21 and 52-week high of $41.65. Landstar System stock has been showing support around 33.49 and resistance in the 36.79 range. Technical indicators for the stock are Bearish and S&P gives LSTR a positive 4 STAR (out of 5) buy rating. LSTR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 35 covered call (QRY AG) for a net debit in the $33.04 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.30% downside protection and a 5.93% assigned return rate for a 29.26% annualized return rate (comparison purposes only). Landstar System has a current annual dividend yield of 0.50%. [ATU-Seven Summits Research]

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