SRA International (SRX) 11/6/09 PriceWatch Alert With 13.35% Downside Protection
Posted: Friday, November 06, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
SRA International (NYSE: SRX) closed yesterday at $19.10. So far the stock has hit a 52-week low of $11.22 and 52-week high of $23.12. SRA International stock has been showing support around 17.08 and resistance in the 22.80 range. Technical indicators for the stock are Bearish and S&P gives SRX a weak 2 STAR (out of 5) sell rating. SRX appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (SRX CW) for a net debit in the $16.55 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 13.35% downside protection and a 5.74% assigned return rate for a 15.64% annualized return rate (comparison purposes only). SRA International does not pay dividends at this time. [FBB-Seven Summits Research]
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