Changyou com Limited (NASDAQ: CYOU) closed Tuesday's trading session at $40.21. In the past year, the stock has hit a 52-week low of $25.49 and 52-week high of $52.00. Changyou.com (CYOU) stock has been showing support around $38.22 and resistance in the $43.96 range. Technical indicators for the stock are Bearish. For a hedged play on Changyou.com (CYOU), look at the Jan '12 $40.00 covered call for a net debit in the $35.01 area. That is also the break-even stock price for this trade. This covered call has a duration of 157 days, provides 12.93% downside protection and an assigned return rate of 14.25% for an annualized return rate of 33.14% (for comparison purposes only). Changyou.com (CYOU) has a current trailing average dividend yield of 0%.

Source:marketintelligencecenter