World Fuel Services (INT) 11/6/09 PriceWatch Alert Down To $46.17 Break Even
Posted: Friday, November 06, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) closed yesterday at $51.87. So far the stock has hit a 52-week low of $21.10 and 52-week high of $57.12. World Fuel Services stock has been showing support around 50.25 and resistance in the 53.37 range. Technical indicators for the stock are Bullish and S&P gives INT a positive 4 STAR (out of 5) buy rating. INT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 50 covered call (INT BJ) for a net debit in the $46.17 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 10.99% downside protection and an 8.30% assigned return rate for a 28.56% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.58%. [FBB-Seven Summits Research]
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