Rockwell Collins (COL) 11/16/09 PriceWatch Alert Up To 7.75% Downside Protection
Posted: Monday, November 16, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Rockwell Collins (NYSE: COL) ended the last trading session at $52.92. So far the stock has hit a 52-week low of $27.67 and 52-week high of $53.15. Rockwell Collins stock has been showing support around 51.65 and resistance in the 53.79 range. Technical indicators for the stock are Bullish and S&P gives COL a positive 4 STAR (out of 5) buy rating. COL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (COL AJ) for a net debit in the $48.82 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 7.75% downside protection and a 2.42% assigned return rate for a 14.46% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.83%. [ABR-Seven Summits Research]
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