Goodrich (GR) 11/3/09 PriceWatch Alert Up To 7.26% Downside Protection

Posted: Tuesday, November 03, 2009 8:45 AM EDT

Goodrich (NYSE: GR) closed yesterday at $55.10. So far the stock has hit a 52-week low of $25.11 and 52-week high of $58.85. Goodrich stock has been showing support around 53.47 and resistance in the 56.27 range. Technical indicators for the stock are Neutral and S&P gives GR a positive 4 STAR (out of 5) buy rating. GR appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 55 covered call (GR BK) for a net debit in the $51.10 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 7.26% downside protection and a 7.63% assigned return rate for a 25.56% annualized return rate (comparison purposes only). Goodrich has a current annual dividend yield of 1.80%. [ATU-Seven Summits Research]

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