Posted: Wednesday, July 27, 2011 

Aluminum Corporation of China (NYSE:ACH) closed Tuesday's negative trading session at $19.91. In the past year, the stock has hit a 52-week low of $19.21 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $19.57 and resistance in the $20.09 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $19.00 covered call for a net debit in the $17.91 area. That is also the break-even stock price for this trade. This covered call has a duration of 178 days, provides 10.05% downside protection and an assigned return rate of 6.09% for an annualized return rate of 12.48% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.17%. [ABR-Seven Summits Research]