Rochester, NY 7/16/2009 12:56:54 AM
News / Business

DAI - Daimler AG PriceWatch Alert At $30.58 Break Even

Daimler AG.

Daimler AG., DAI

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Daimler AG closed yesterday at $36.08. So far the stock has hit a 52-week low of $21.53 and 52-week high of $67.33. Daimler stock has been showing support around 34.74 and resistance in the 36.82 range. Technical indicators for the stock are Bullish and S&P gives DAI a neutral 3 STAR (out of 5) hold rating. DAI appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 35 covered call (DAI AD) for a net debit in the $30.58 area. That is also the break even stock price for this trade. This covered call has an 186 day duration, provides 15.24% downside protection and a 14.45% assigned return rate for a 28.36% annualized return rate

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