Rio Tinto PLC (RTP) 11/3/09 PriceWatch Alert Up To 41.34% Return

Posted: Tuesday, November 03, 2009 8:12 AM EDT

Rio Tinto PLC (NYSE: RTP) closed yesterday at $182.28. So far the stock has hit a 52-week low of $59.20 and 52-week high of $216.46. Rio Tinto PLC stock has been showing support around 174.50 and resistance in the 190.38 range. Technical indicators for the stock are Bullish and S&P gives RTP a neutral 3 STAR (out of 5) hold rating. RTP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 180 covered call (RTP AP) for a net debit in the $166.08 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 8.89% downside protection and an 8.38% assigned return rate for a 41.34% annualized return rate (comparison purposes only). Rio Tinto PLC has a current annual dividend yield of 1.47%. [ATU-Seven Summits Research]

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