Oil Service HOLDRS (OIH) 12/31/09 PriceWatch Alert Down To $111.80 Break Even
Posted: Thursday, December 31, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Oil Service HOLDRS (PACF: OIH) closed yesterday at $119.85. So far OIH has hit a 52-week low of $64.65 and 52-week high of $132.39. OIH has been showing support around 118.31 and resistance in the 120.85 range. Technical indicators are Bullish. OIH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 115 covered call for a net debit in the $111.80 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 6.72% downside protection and a 2.86% assigned return rate for a 20.48% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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