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Potential Aluminum Corporation of China (ACH) Trade Has 8.53% Downside Protection
Edited by : AL CIRCLE
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Aluminum Corporation of China (NYSE:ACH) closed Friday's negative trading session at $20.51. In the past year, the stock has hit a 52-week low of $18.97 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $20.32 and resistance in the $20.70 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Nov '11 $20.00 covered call for a net debit in the $18.76 area. That is also the break-even stock price for this trade. This covered call has a duration of 131 days, provides 8.53% downside protection and an assigned return rate of 6.61% for an annualized return rate of 18.42% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.17%. [FBB-Seven Summits Research]
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