China Unicom (NYSE:CHU) closed Monday's choppy trading session at $17.45. In the past year, the stock has hit a 52-week low of $13.17 and 52-week high of $22.12. China Unicom (CHU) stock has been showing support around $16.95 and resistance in the $17.89 range. Technical indicators for the stock are Bearish and S&P gives China Unicom (CHU) a weak 2 STARS (out of 5) sell rating. For a hedged play on China Unicom (CHU), look at the Jan '12 $17.00 covered call for a net debit in the $15.70 area. That is also the break-even stock price for this trade. This covered call has a duration of 151 days, provides 10.03% downside protection and an assigned return rate of 8.28% for an annualized return rate of 20.02% (for comparison purposes only). China Unicom (CHU) has a current annual dividend yield of 0.53%.

Source:marketintelligencecenter