Fortune Brands (FO) 11/12/09 PriceWatch Alert Up To 7.93% Downside Protection
Posted: Thursday, November 12, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Fortune Brands (NYSE: FO) closed yesterday at $41.60. So far the stock has hit a 52-week low of $17.68 and 52-week high of $46.77. Fortune Brands stock has been showing support around 40.89 and resistance in the 42.15 range. Technical indicators for the stock are Bullish and S&P gives FO a neutral 3 STAR (out of 5) hold rating. FO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 40 covered call (FO AH) for a net debit in the $38.30 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 7.93% downside protection and a 4.44% assigned return rate for a 24.92% annualized return rate (comparison purposes only). Fortune Brands has a current annual dividend yield of 1.87%. [THA-Seven Summits Research]
CLICK HERE: FREE Fortune Brands (FO) Stock ReportSee what our analysts have uncovered about Fortune Brands (FO).