CurrencyShares Mexican Peso Trust (FXM) 2/9/10 PriceWatch Alert Down To $74.45 Break Even
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Mexican Peso Trust (PACF: FXM) closed yesterday at $75.65. So far FXM has hit a 52-week low of $64.29 and 52-week high of $80.13. FXM has been showing support around 75.33 and resistance in the 76.29 range. Technical indicators are Bearish. FXM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 77 covered call for a net debit in the $74.45 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 1.59% downside protection and a 3.43% assigned return rate for a 9.62% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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