Monday, June 20, 2011 10:25:08 AM
Posted: Monday, June 20, 2011 8:44 AM EDT
Intrepid Potash (NYSE:IPI) closed Friday's unsure trading session at $29.01. In the past year, the stock has hit a 52-week low of $19.08 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $28.05 and resistance in the $30.45 range. Technical indicators for the stock are Bearish.
For a hedged play on Intrepid Potash (IPI), look at the Dec '11 $29.00 covered call for a net debit in the $25.41 area. That is also the break-even stock price for this trade. This covered call has a duration of 180 days, provides 12.41% downside protection and an assigned return rate of 14.13% for an annualized return rate of 28.65% (for comparison purposes only).
A lower-cost hedged play for Intrepid Potash (IPI) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Intrepid Potash (IPI) Jan '12 $25.00 call and selling the Dec '11 $29.00 call for a total debit of $2.60. The trade has a lifespan of 180 days and would provide 4.86% downside protection and an assigned return rate of 53.85% for an annualized return rate of 109% (for comparison purposes only). Intrepid Potash (IPI) does not pay dividends at this time.
Recent IPI News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 08:31:20 PM
- Intrepid Publishes New Investor Presentation • Business Wire • 08/15/2024 09:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 04:48:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:33:39 PM
- Intrepid Announces Second Quarter 2024 Results • Business Wire • 08/05/2024 08:30:00 PM
- Intrepid Announces Date for Second Quarter 2024 Earnings Release • Business Wire • 07/22/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 08:39:06 PM
- Intrepid Potash Announces Appointment of Barth Whitham as Chair of the Board; Initiates Search for New Chief Executive Officer • Business Wire • 07/10/2024 08:30:00 PM
- Intrepid Publishes 2024 Sustainability Report • Business Wire • 07/01/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:43:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:03:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:03:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:03:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:03:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 05:12:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:37:46 PM
- Intrepid Announces First Quarter 2024 Results • GlobeNewswire Inc. • 05/08/2024 08:30:00 PM
- Intrepid Announces Date for First Quarter 2024 Earnings Release • GlobeNewswire Inc. • 04/24/2024 08:30:00 PM
- Intrepid Announces Medical Leave of Absence for Bob Jornayvaz; Intrepid Co-founder Hugh Harvey rejoins Board of Directors • GlobeNewswire Inc. • 04/17/2024 09:31:35 PM
- Intrepid Announces Accident Involving CEO • GlobeNewswire Inc. • 04/09/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:26:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:32:26 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 03/07/2024 10:31:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:58:27 PM
- Intrepid Announces Fourth Quarter and Full-Year 2023 Results • GlobeNewswire Inc. • 03/06/2024 09:30:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM