Ctrip Com International (NASDAQ:CTRP) closed Friday's downbeat trading session at $39.67. In the past year, the stock has hit a 52-week low of $35.36 and 52-week high of $53.16. Ctrip Com International (CTRP) stock has been showing support around $38.48 and resistance in the $40.88 range. Technical indicators for the stock are Bearish. For a hedged play on Ctrip Com International (CTRP), look at the Dec '11 $39.00 covered call for a net debit in the $35.37 area. That is also the break-even stock price for this trade. This covered call has a duration of 102 days, provides 10.84% downside protection and an assigned return rate of 10.26% for an annualized return rate of 36.73% (for comparison purposes only). Ctrip Com International (CTRP) has a current trailing average dividend yield of 0%. [ABR-Seven Summits Research]