VCA Antech (WOOF) 11/6/09 PriceWatch Alert Up To 9.54% Downside Protection

Posted: Friday, November 06, 2009 8:33 AM EDT

VCA Antech (NasdaqNM: WOOF) closed yesterday at $23.07. So far the stock has hit a 52-week low of $14.17 and 52-week high of $27.99. VCA Antech stock has been showing support around 22.50 and resistance in the 23.64 range. Technical indicators for the stock are Bearish and S&P gives WOOF a neutral 3 STAR (out of 5) hold rating. WOOF appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 22.50 covered call (QWF CX) for a net debit in the $20.87 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 9.54% downside protection and a 7.81% assigned return rate for a 21.27% annualized return rate (comparison purposes only). VCA Antech does not pay dividends at this time. [FBB-Seven Summits Research]

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