BioMarin Pharmaceutical (NASDAQ:BMRN) closed Tuesday's advancing positive trading session at $26.78. In the past year, the stock has hit a 52-week low of $17.70 and 52-week high of $28.35. BioMarin Pharmaceutical stock has been showing support around $26.31 and resistance in the $27.05 range. Technical indicators for the stock are Bullish. For a hedged play on this stock, look at the Jul '11 $25.00 covered call for a net debit in the $23.78 area. That is also the break-even stock price for this trade. This covered call has a duration of 178 days, provides 11.20% downside protection and an assigned return rate of 5.13% for an annualized return rate of 10.52% (for comparison purposes only). BioMarin Pharmaceutical does not pay dividends at this time.
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