Scripps Networks Interactive Inc. (SNI) 11/20/09 PriceWatch Alert At $37.24 Break Even
Posted: Friday, November 20, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $40.09. So far the stock has hit a 52-week low of $18.10 and 52-week high of $41.05. Scripps Networks stock has been showing support around 39.16 and resistance in the 40.86 range. Technical indicators for the stock are Bullish and S&P gives SNI a very positive 5 STAR (out of 5) strong buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (SNI CH) for a net debit in the $37.24 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 7.11% downside protection and a 7.41% assigned return rate for a 22.54% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.74%. [FBB-Seven Summits Research]
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