Scripps Networks Interactive Inc. (SNI) 11/19/09 PriceWatch Alert Up To 7.65% Downside Protection
Posted: Thursday, November 19, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $40.51. 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 39.88 and resistance in the 41.18 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 $37.41 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 7.65% downside protection and a 6.92% assigned return rate for a 20.88% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.73%. [THA-Seven Summits Research]
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