Arch Capital Group (ACGL) 11/3/09 PriceWatch Alert At $62.40 Break Even

Posted: Tuesday, November 03, 2009 8:42 AM EDT

Arch Capital Group (NasdaqNM: ACGL) closed yesterday at $67.80. So far the stock has hit a 52-week low of $44.68 and 52-week high of $71.00. Arch Capital Group stock has been showing support around 66.46 and resistance in the 68.82 range. Technical indicators for the stock are Bullish and S&P gives ACGL a neutral 3 STAR (out of 5) hold rating. ACGL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 65 covered call (UOZ CM) for a net debit in the $62.40 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 7.96% downside protection and a 4.17% assigned return rate for an 11.10% annualized return rate (comparison purposes only). Arch Capital Group does not pay dividends at this time. [ATU-Seven Summits Research]

Click Symbol For More News On: (ACGL)