Rochester, NY 8/20/2009 10:29:12 PM
Kinder Morgan Energy Partners LP, KMP - Kinder Morgan well built around $51.70
Kinder Morgan Energy Partners LP
Kinder Morgan closed yesterday at $52.75. So far the stock has hit a 52-week low of $35.59 and 52-week high of $58.34. Kinder Morgan stock has been showing support around 51.70 and resistance in the 54.14 range. Technical indicators for the stock are Bullish and gives a very positive 5 STAR (out of 5) strong buy rating.
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For a hedged play on this stock, look at Dec '09 52.50 covered call for a net debit in the $50.60 area That is also the break even stock price for this trade. This covered call has 124 day duration, provides 4.08% downside protection and a 3.75% assigned return rate for an 11.05% 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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