Estee Lauder (EL) 11/3/09 PriceWatch Alert Up To 13.97% Downside Protection
Posted: Tuesday, November 03, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Estee Lauder (NYSE: EL) closed yesterday at $44.39. So far the stock has hit a 52-week low of $19.81 and 52-week high of $45.44. Estee Lauder stock has been showing support around 42.13 and resistance in the 45.61 range. Technical indicators for the stock are Bullish and S&P gives EL a neutral 3 STAR (out of 5) hold rating. EL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 40 covered call (EL DH) for a net debit in the $38.19 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 13.97% downside protection and a 4.74% assigned return rate for a 10.48% annualized return rate (comparison purposes only). Estee Lauder has a current annual dividend yield of 1.34%. [ATU-Seven Summits Research]
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