Credit Suisse Group (CS) 11/20/09 PriceWatch Alert With 9.93% Downside Protection
Posted: Friday, November 20, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) closed yesterday at $53.40. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 52.45 and resistance in the 54.47 range. Technical indicators for the stock are Bearish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 52.50 covered call (CS CR) for a net debit in the $48.10 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 9.93% downside protection and a 9.15% assigned return rate for a 27.82% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [FBB-Seven Summits Research]
CLICK HERE: FREE Credit Suisse Group (CS) Stock ReportSee what our analysts have uncovered about Credit Suisse Group (CS).