DirectTV (DTV) 11/3/09 PriceWatch Alert Down To $24.05 Break Even

Posted: Tuesday, November 03, 2009 8:37 AM EDT

DirectTV (NasdaqNM: DTV) closed yesterday at $26.55. So far the stock has hit a 52-week low of $17.85 and 52-week high of $27.99. DirectTV stock has been showing support around 25.57 and resistance in the 27.43 range. Technical indicators for the stock are Bullish and S&P gives DTV a neutral 3 STAR (out of 5) hold rating. DTV appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 25 covered call (DTV AE) for a net debit in the $24.05 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 9.42% downside protection and a 3.95% assigned return rate for a 19.48% annualized return rate (comparison purposes only). DirectTV does not pay dividends at this time. [ATU-Seven Summits Research]

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