Sanofi Aventis (SNY) 11/12/09 PriceWatch Alert With $34.90 Break Even
Posted: Thursday, November 12, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Sanofi Aventis (NYSE: SNY) closed yesterday at $38.00. 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 37.50 and resistance in the 38.46 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 $34.90 area. That is also the break even stock price for this trade. This covered call has a 219 day duration, provides 8.16% downside protection and a 7.45% assigned return rate for a 12.42% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 2.95%. [THA-Seven Summits Research]
CLICK HERE: FREE Sanofi Aventis (SNY) Stock ReportSee what our analysts have uncovered about Sanofi Aventis (SNY).