First Trust ISE Chindia (FNI) 2/9/10 PriceWatch Alert Could Hit 15.12% Return
Posted: Tuesday, February 09, 2010 8:32 AM EDT
By: Market Intelligence Center Staff
First Trust ISE Chindia (PACF: FNI) closed yesterday at $19.08. So far FNI has hit a 52-week low of $8.80 and 52-week high of $22.67. FNI has been showing support around 18.88 and resistance in the 19.48 range. Technical indicators are Bearish. FNI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 18 covered call for a net debit in the $17.08 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 10.48% downside protection and a 5.39% assigned return rate for a 15.12% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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