Scripps Networks Interactive Inc. (SNI) 11/17/09 PriceWatch Alert Bullish Price Movement
Posted: Tuesday, November 17, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $41.01. So far the stock has hit a 52-week low of $18.10 and 52-week high of $41.05. Scripps Networks stock has been showing support around 40.40 and resistance in the 41.36 range. Technical indicators for the stock are Bullish and S&P gives SNI a very positive 5 STAR (out of 5) strong buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (SNI CH) for a net debit in the $37.71 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 8.05% downside protection and a 6.07% assigned return rate for an 18.02% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.75%. [ATU-Seven Summits Research]
CLICK HERE: FREE Scripps Networks (SNI) Stock ReportSee what our analysts have uncovered about Scripps Networks (SNI).