Saturday, September 10, 2011 7:34:24 AM
.... the stock has hit a 52-week low of $24.16 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $32.52 and resistance in the $36.46 range. Technical indicators for the stock are Bullish. For a hedged play on Intrepid Potash (IPI), look at the Dec '11 $33.00 covered call for a net debit in the $30.33 area. That is also the break-even stock price for this trade. This covered call has a duration of 99 days, provides 11.13% downside protection and an assigned return rate of 8.80% for an annualized return rate of 32.46% (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 '13 $17.50 call and selling the Dec '11 $33.00 call for a total debit of $14.90. The trade has a lifespan of 99 days and would provide 5.07% downside protection and an assigned return rate of 4.03% for an annualized return rate of 15% (for comparison purposes only). Intrepid Potash (IPI) has a current trailing average dividend yield of 0%. [THA-Seven Summits Research]
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Recent IPI News
- 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
- Intrepid Announces Date for Fourth Quarter 2023 Earnings Release • GlobeNewswire Inc. • 02/23/2024 09:05:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 08:57:31 PM
- Intrepid Enters into Third Amendment to Cooperative Development Agreement with XTO • GlobeNewswire Inc. • 01/09/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:42:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 10:01:34 PM
- Intrepid Engages Pickering Energy Partners as Lithium Advisor • GlobeNewswire Inc. • 12/12/2023 09:45:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 06:07:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:36:17 PM
- Intrepid Announces Third Quarter 2023 Results • GlobeNewswire Inc. • 11/08/2023 09:30:00 PM
- Intrepid Announces the Successful Completion of the Eddy Shaft Brine Extraction Project • GlobeNewswire Inc. • 11/02/2023 08:45:00 PM
- Intrepid Announces Date for Third Quarter 2023 Earnings Release • GlobeNewswire Inc. • 10/31/2023 08:52:42 PM
- Intrepid Publishes New Presentation • GlobeNewswire Inc. • 09/20/2023 08:30:00 PM
- Intrepid Announces Release of Inaugural Sustainability Report • GlobeNewswire Inc. • 08/18/2023 08:10:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/03/2023 04:59:14 PM
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