Boston Properties (BXP) 11/3/09 PriceWatch Alert With $55.69 Break Even

Posted: Tuesday, November 03, 2009 8:44 AM EDT

Boston Properties (NYSE: BXP) closed yesterday at $60.99. So far the stock has hit a 52-week low of $29.30 and 52-week high of $73.05. Boston Properties stock has been showing support around 57.48 and resistance in the 64.20 range. Technical indicators for the stock are Bearish and S&P gives BXP a neutral 3 STAR (out of 5) hold rating. BXP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 60 covered call (BXP AL) for a net debit in the $55.69 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 8.69% downside protection and a 7.74% assigned return rate for a 38.17% annualized return rate (comparison purposes only). Boston Properties has a current annual dividend yield of 3.27%. [ATU-Seven Summits Research]

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