Intrepid Potash (IPI)

[CHA$E]

Potential Intrepid Potash (IPI) Trade Has $20.40 Breakeven...


...Intrepid Potash Inc. closed Wednesday's trading session at $24.80.

In the past year, the stock has hit a 52-week low of $22.47 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $24.37 and resistance in the $25.61 range. Technical indicators for the stock are . For a hedged play on Intrepid Potash (IPI), look at the Mar '12 $22.00 covered call for a net debit in the $20.40 area. That is also the break-even stock price for this trade. This covered call has a duration of 121 days, provides 17.74% downside protection and an assigned return rate of 7.84% for an annualized return rate of 23.66% (for comparison purposes only). Intrepid Potash (IPI) has a current trailing average dividend yield of 0%.

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http://www.marketintelligencecenter.com/analyfav/1315804