Energy Transfer Partners LP (ETP) 11/3/09 PriceWatch Alert Up To 2.30% Downside Protection

Posted: Tuesday, November 03, 2009 8:39 AM EDT

Energy Transfer Partners LP (NYSE: ETP) closed yesterday at $43.57. So far the stock has hit a 52-week low of $26.11 and 52-week high of $47.44. Energy Transfer Partners LP stock has been showing support around 42.50 and resistance in the 44.58 range. Technical indicators for the stock are Bullish and S&P gives ETP a positive 4 STAR (out of 5) buy rating. ETP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 45 covered call (ETP CI) for a net debit in the $42.57 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 2.30% downside protection and a 5.71% assigned return rate for a 15.21% annualized return rate (comparison purposes only). Energy Transfer Partners LP has a current annual dividend yield of 8.19%. [ATU-Seven Summits Research]

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