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Dec 13, 2012 (Marketintelligencecenter.com via COMTEX) -- Analog Devices Inc. (NYSE:ADI) closed Wednesday's trading session at $42.02. In the past year, the stock has hit a 52-week low of $33.38 and 52-week high of $42.45. Analog Devices (ADI) stock has been showing support around $41.64 and resistance in the $42.64 range. Technical indicators for the stock are Bullish and S&P gives Analog Devices (ADI) a weak 2 STARS (out of 5) sell rating. For a hedged play on Analog Devices (ADI), look at the Mar '13 $42.00 covered call for a net debit in the $40.32 area. That is also the break-even stock price for this trade. This covered call has a duration of 93 days, provides 4.05% downside protection and an assigned return rate of 4.17% for an annualized return rate of 16.35% (for comparison purposes only). A lower-cost hedged play for Analog Devices (ADI) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Analog Devices (ADI) Jan '14 $35.00 call and selling the Mar '13 $42.00 call for a total debit of $6.45. The trade has a lifespan of 93 days and would provide 1.36% downside protection and an assigned return rate of 8.53% for an annualized return rate of 33% (for comparison purposes only). Analog Devices (ADI) has a current annual dividend yield of 2.90%.
(C) Copyright 2012, Marketintelligencecenter.com. All rights reserved.
As of Sunday, 12-09-2012 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated an UPTREND on
06-07-2012 for ADI @ $37.34.
For more information on SmarTrend, contact your market data
provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright A? 2004-2012 Comtex News Network, Inc. All rights reserved.
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