Sanofi Aventis (SNY) 11/10/09 PriceWatch Alert Up To 12.76% Return

Posted: Tuesday, November 10, 2009 8:11 AM EDT

Sanofi Aventis (NYSE: SNY) closed yesterday at $37.91. So far the stock has hit a 52-week low of $23.95 and 52-week high of $40.17. Sanofi Aventis stock has been showing support around 37.44 and resistance in the 38.22 range. Technical indicators for the stock are Bullish and S&P gives SNY a neutral 3 STAR (out of 5) hold rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 37.50 covered call (SNY FU) for a net debit in the $34.81 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 8.18% downside protection and a 7.73% assigned return rate for a 12.76% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 3.02%. [ATU-Seven Summits Research]

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