Claymore/Bank of New York BRIC Select ADR Index ETF (EEB) 2/9/10 PriceWatch Alert With 10.62% Downside Protection
Posted: Tuesday, February 09, 2010 8:32 AM EDT
By: Market Intelligence Center Staff
Claymore/Bank of New York BRIC Select ADR Index ETF (PACF: EEB) closed yesterday at $36.71. So far EEB has hit a 52-week low of $19.44 and 52-week high of $44.90. EEB has been showing support around 35.87 and resistance in the 37.97 range. Technical indicators are Bearish. EEB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 35 covered call for a net debit in the $32.81 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 10.62% downside protection and a 6.67% assigned return rate for an 18.74% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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