Scripps Networks Interactive Inc. (SNI) 11/3/09 PriceWatch Alert Could Hit 15.89% Return
Posted: Tuesday, November 03, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $38.03. So far the stock has hit a 52-week low of $18.10 and 52-week high of $40.29. Scripps Networks stock has been showing support around 37.34 and resistance in the 38.66 range. Technical indicators for the stock are Bullish and S&P gives SNI a very positive 5 STAR (out of 5) strong buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (SNI CG) for a net debit in the $33.03 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 13.15% downside protection and a 5.96% assigned return rate for a 15.89% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.79%. [ATU-Seven Summits Research]
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