World Fuel Services (INT) 11/19/09 PriceWatch Alert At $47.48 Break Even
Posted: Thursday, November 19, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) closed yesterday at $54.38. So far the stock has hit a 52-week low of $25.23 and 52-week high of $57.12. World Fuel Services stock has been showing support around 53.14 and resistance in the 55.62 range. Technical indicators for the stock are Bullish and S&P gives INT a positive 4 STAR (out of 5) buy rating. INT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 50 covered call (INT BJ) for a net debit in the $47.48 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 12.69% downside protection and a 5.31% assigned return rate for a 20.83% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.55%. [THA-Seven Summits Research]
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