RIM has 4.85 percent downside protection
According to an article on market intelligence center, Research In Motion ended the last trading session at $76.39; so far RIM stock has see a year low of $35.05 and a year high of $135.00 but shows supports at 74.39 and resistance at 78.09.
S&P has given Research In Motion a 3 Star hold rating and RIM appears on the investors Observer Analysts Favourites list.
The break even stock price for this trade is $72.89 and the covered call has duration of 54 days and provides 4.58 percent downside protection along with a 9.75 percent assigned return rate for a 65.93 percent allualised return rate.
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