Ryland Group (RYL) 11/5/09 PriceWatch Alert With $13.73 Break Even
Posted: Thursday, November 05, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Ryland Group (NYSE: RYL) closed yesterday at $19.43. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 18.77 and resistance in the 20.25 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.73 area. That is also the break even stock price for this trade. This covered call has a 163 day duration, provides 29.34% downside protection and a 9.25% assigned return rate for a 20.71% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.65%. [THA-Seven Summits Research]
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