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Potential Aluminum Corporation of China (ACH) Trade Has 9.17% Downside Protection
Edited by : AL CIRCLE
1 min read
Aluminum Corporation of China (NYSE:ACH) closed Friday's dramatic trading session at $21.82. In the past year, the stock has hit a 52-week low of $18.18 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $21.29 and resistance in the $22.13 range. Technical indicators for the stock are Bullish. For a hedged play on Aluminum Corporation of China (ACH), look at the Nov '11 $21.00 covered call for a net debit in the $19.82 area. That is also the break-even stock price for this trade. This covered call has a duration of 137 days, provides 9.17% downside protection and an assigned return rate of 5.95% for an annualized return rate of 15.86% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.17%.
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