Dow Chemical ( NYSE: DOW ) ended the last trading session at $36.48. So far the stock has hit a 52-week low of $33.01 and 52-week high of $47.96. Dow Chemical stock has been showing support around 35.50 and resistance in the 37.50 range. Technical indicators for the stock are Bearish and S&P gives DOW a neutral 3 STAR (out of 5) hold rating. For a hedged play on this stock, look at a Jun '08 35 covered call (DOW FG) for a net debit in the $33.38 area. That is also the break even stock price for this trade. This covered call has an 89 day duration, provides 8.50% downside protection and a 4.85% a...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)