Unum Group (UNM) 11/18/09 PriceWatch Alert Targets 16.16% Downside Protection
Posted: Wednesday, November 18, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Unum Group (NYSE: UNM) closed yesterday at $19.80. So far the stock has hit a 52-week low of $7.61 and 52-week high of $23.25. Unum Group stock has been showing support around 19.59 and resistance in the 20.19 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (UNM CW) for a net debit in the $16.60 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 16.16% downside protection and a 5.42% assigned return rate for a 16.22% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.68%. [WBA-Seven Summits Research]
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