Rochester, NY 8/19/2009 6:09:26 AM
Corning Inc. GLW - Corning Recently Release market Higher
Corning Inc. GLW
Corning has hit $15.87 at closed market. The company stock has strike into 52-week lowdown of $7.36 and 52-week high of $21.76. Corning stock has been showing support around 15.30 and resistance in the 16.76 range. A technical indicators show its stock still continues to move high.
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This covered call has 152 day duration, provides 12.92% downside protection and an 8.54% assigned return rate for a 20.50% annualized return rate. A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase.
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