Energy Transfer Partners LP (ETP) 11/20/09 PriceWatch Alert Targets 19.72% Return
Posted: Friday, November 20, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Energy Transfer Partners LP (NYSE: ETP) closed yesterday at $43.56. So far the stock has hit a 52-week low of $26.11 and 52-week high of $47.44. Energy Transfer Partners LP stock has been showing support around 43.09 and resistance in the 44.17 range. Technical indicators for the stock are Bullish and S&P gives ETP a positive 4 STAR (out of 5) buy rating. ETP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 45 covered call (ETP CI) for a net debit in the $42.26 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 2.98% downside protection and a 6.48% assigned return rate for a 19.72% annualized return rate (comparison purposes only). Energy Transfer Partners LP has a current annual dividend yield of 8.17%. [FBB-Seven Summits Research]
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