Ryland Group (RYL) 11/11/09 PriceWatch Alert Up To 28.33% Downside Protection
Posted: Wednesday, November 11, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Ryland Group (NYSE: RYL) closed yesterday at $19.06. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 18.19 and resistance in the 20.33 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.66 area. That is also the break even stock price for this trade. This covered call has a 157 day duration, provides 28.33% downside protection and a 9.81% assigned return rate for a 22.81% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.62%. [WBA-Seven Summits Research]
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