Total (TOT) 11/19/09 PriceWatch Alert With 4.72% Downside Protection
Posted: Thursday, November 19, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Total (NYSE: TOT) closed yesterday at $63.53. So far the stock has hit a 52-week low of $42.88 and 52-week high of $64.65. Total stock has been showing support around 62.72 and resistance in the 64.62 range. Technical indicators for the stock are Bullish and S&P gives TOT a positive 4 STAR (out of 5) buy rating. TOT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 65 covered call (TOT BM) for a net debit in the $60.53 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 4.72% downside protection and a 7.38% assigned return rate for a 28.98% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 6.42%. [THA-Seven Summits Research]
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