Telefonos de Mexico (TMX) 11/12/09 PriceWatch Alert Up To 6.73% Downside Protection
Posted: Thursday, November 12, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Telefonos de Mexico (NYSE: TMX) closed yesterday at $17.83. So far the stock has hit a 52-week low of $12.54 and 52-week high of $22.84. Telefonos de Mexico stock has been showing support around 17.52 and resistance in the 18.22 range. Technical indicators for the stock are Bullish and S&P gives TMX a neutral 3 STAR (out of 5) hold rating. TMX appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 17.50 covered call (TMX BW) for a net debit in the $16.63 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 6.73% downside protection and a 5.23% assigned return rate for a 19.10% annualized return rate (comparison purposes only). Telefonos de Mexico has a current annual dividend yield of 3.47%. [THA-Seven Summits Research]
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