Starbucks ( NasdaqNM: SBUX ) ended the last trading session at $26.10. So far the stock has hit a 52-week low of $25.22 and 52-week high of $40.01. SBUX has had an S&P 4 STAR (out of 5) rating since 4/26/2007. On 2/28/2007 S&P analysts set a 12-Month price target of $40.00 for the stock. Starbucks stock has been showing support around 25.67 and resistance in the 26.93 range. SBUX is part of the S&P 4 STARS stock list. For a hedged play on this stock, consider a Jan '08 covered call with a 25 sold call for a net debit in the $23.85 area. The trade has an 89 day duration, provides 8.62% downside protection and a 4.82% assigned return rate for a 19.77% annualized return rate (for comparison purposes only). This trade has a 4 Key (out of 5) Low Relative Risk ranking. Starbucks Does not pay dividends at this time. [IHF - Investors Observer]