Potential Nasdaq Stock Market Trade Targets 19.74% Return

Potential Nasdaq Stock Market Trade Targets 19.74% Return Nasdaq OMX Group Inc (NASDAQ: NDAQ) closed Thursday's trading session at $23.46. In the past year, the stock has hit a 52-week low of $17.18 and 52-week high of $24.18. Nasdaq Stock Market stock has been showing support around $21.75 and resistance in the $25.03 range. Technical indicators for the stock are Bullish and S&P gives NDAQ a weak 2 STARS (out of 5) sell rating.

For a hedged play on this stock, look at the Mar '11 $23.00 covered call for a net debit in the $21.91 area. That is also the break-even stock price for this trade. This covered call has a duration of 92 days, provides 6.61% downside protection and an assigned return rate of 4.97% for an annualized return rate of 19.74% (for comparison purposes only). Nasdaq Stock Market does not pay dividends at this time For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: