Sun Life Financial (SLF) 11/3/09 PriceWatch Alert With 13.62% Downside Protection
Posted: Tuesday, November 03, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Sun Life Financial (NYSE: SLF) closed yesterday at $27.17. So far the stock has hit a 52-week low of $11.52 and 52-week high of $35.96. Sun Life Financial stock has been showing support around 26.23 and resistance in the 28.33 range. Technical indicators for the stock are Bearish and S&P gives SLF a weak 2 STAR (out of 5) sell rating. SLF appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a May '10 25 covered call (SLF EE) for a net debit in the $23.47 area. That is also the break even stock price for this trade. This covered call has a 200 day duration, provides 13.62% downside protection and a 6.52% assigned return rate for an 11.90% annualized return rate (comparison purposes only). Sun Life Financial has a current annual dividend yield of 4.75%. [ATU-Seven Summits Research]
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