World Fuel Services (INT) 11/20/09 PriceWatch Alert With $47.22 Break Even
Posted: Friday, November 20, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) closed yesterday at $53.52. 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 51.73 and resistance in the 55.27 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 $47.22 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 11.77% downside protection and a 5.89% assigned return rate for a 23.36% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.55%. [FBB-Seven Summits Research]
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