SPDR S&P Oil & Gas Equipment & Services ETF (XES) 2/9/10 PriceWatch Alert Targets 9.84% Downside Protection
Posted: Tuesday, February 09, 2010 8:42 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Oil & Gas Equipment & Services ETF (PACF: XES) closed yesterday at $26.93. So far XES has hit a 52-week low of $14.43 and 52-week high of $31.83. XES has been showing support around 26.41 and resistance in the 27.97 range. Technical indicators are Bearish. XES appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 26 covered call for a net debit in the $24.28 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 9.84% downside protection and a 7.08% assigned return rate for a 19.89% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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