Estee Lauder (EL) 11/6/09 PriceWatch Alert Up To 6.28% Downside Protection
Posted: Friday, November 06, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Estee Lauder (NYSE: EL) closed yesterday at $46.17. So far the stock has hit a 52-week low of $19.81 and 52-week high of $46.24. Estee Lauder stock has been showing support around 44.15 and resistance in the 47.25 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 a Jan '10 45 covered call (EL AI) for a net debit in the $43.27 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 6.28% downside protection and a 4.00% assigned return rate for a 20.55% annualized return rate (comparison purposes only). Estee Lauder has a current annual dividend yield of 1.23%. [FBB-Seven Summits Research]
CLICK HERE: FREE Estee Lauder (EL) Stock ReportSee what our analysts have uncovered about Estee Lauder (EL).