Rochester, NY 8/25/2009 4:53:39 PM
Dean Foods Company DF, Dean Foods in High Stability
Dean Foods Company DF
Deans Food, the largest dairy producer in the country, assumes promising rates. Dean Food’s stock has been showing support around 17.95 and resistance in the 18.75 range, Technical indicators Bearish and S&P gives DF a neutral 3 STAR out of 5 hold rating and appears on the Investors Observer Volume Leaders list.
While the stock hit a 52-week low of $11.20 and 52-week high of $25.89, Dean Foods closed at $18.34 on the 16th of this month. For a hedged play on this stock, look at a Dec '09 17.50 covered calls (DF LW) for a net debit in the $16.39 area. That is also the break even stock price for this trade. This covered call has 124 day duration, provides 10.63% downside protection and a 6.77% assigned return rate for a 19.93% annualized return rate.
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