RIM has downside protection at 10.07%
The last trading session for BlackBerry smartphone maker Research In Motion ended at $75.99, up until now the RIM stock has hit a 52 week low of $35.05 and a 52 week high of $135.00 reports an article over on market intelligence center.
Technical indicators for the RIM stock are S&P and Bullish which gives Research IN Motion a neutral 3STAR hold rating. RIM stock has been showing support for 75.02 and resistance in the 77.54 area.
Hedged play on the stock you need to look at December 09 80 covered call for a net debit in the $68.34 region and is also the break even price for this trade. The duration for the covered call is 138 days and provides downside protection at 10.07 percent and an assigned return rate of 17.06 percent for an annualised 45.13 percent return rate.