BBVA Privanza International (BBV) 11/3/09 PriceWatch Alert Targets 18.64% Return

Posted: Tuesday, November 03, 2009 8:43 AM EDT

BBVA Privanza International (NYSE: BBV) closed yesterday at $17.89. So far the stock has hit a 52-week low of $5.68 and 52-week high of $19.09. BBVA Privanza International stock has been showing support around 17.30 and resistance in the 18.46 range. Technical indicators for the stock are Bullish and S&P gives BBV a neutral 3 STAR (out of 5) hold rating. BBV appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 17.50 covered call (BBV DW) for a net debit in the $16.14 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 9.78% downside protection and an 8.43% assigned return rate for an 18.64% annualized return rate (comparison purposes only). BBVA Privanza International has a current annual dividend yield of 2.08%. [ATU-Seven Summits Research]

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