Tenaris (TS) 11/6/09 PriceWatch Alert Up To 15.11% Return

Posted: Friday, November 06, 2009 8:30 AM EDT

Tenaris (NYSE: TS) closed yesterday at $39.56. So far the stock has hit a 52-week low of $14.82 and 52-week high of $41.15. Tenaris stock has been showing support around 38.59 and resistance in the 40.45 range. Technical indicators for the stock are Bullish. TS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 35 covered call (TSW CG) for a net debit in the $33.16 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 16.18% downside protection and a 5.55% assigned return rate for a 15.11% annualized return rate (comparison purposes only). Tenaris has a current annual dividend yield of 2.21%. [FBB-Seven Summits Research]

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