Vornado Realty Trust (VNO) 11/20/09 PriceWatch Alert Down To $60.76 Break Even
Posted: Friday, November 20, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Vornado Realty Trust (NYSE: VNO) closed yesterday at $65.26. So far the stock has hit a 52-week low of $27.01 and 52-week high of $70.23. Vornado Realty Trust stock has been showing support around 63.75 and resistance in the 67.93 range. Technical indicators for the stock are Bullish and S&P gives VNO a neutral 3 STAR (out of 5) hold rating. VNO appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 65 covered call (VNO AM) for a net debit in the $60.76 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 6.90% downside protection and a 6.98% assigned return rate for a 44.69% annualized return rate (comparison purposes only). Vornado Realty Trust does not pay dividends at this time. [FBB-Seven Summits Research]
CLICK HERE: FREE Vornado Realty Trust (VNO) Stock ReportSee what our analysts have uncovered about Vornado Realty Trust (VNO).