SPDR S&P China ETF (GXC) 2/9/10 PriceWatch Alert With 5.96% Downside Protection
Posted: Tuesday, February 09, 2010 8:30 AM EDT
By: Market Intelligence Center Staff
SPDR S&P China ETF (PACF: GXC) closed yesterday at $63.77. So far GXC has hit a 52-week low of $36.06 and 52-week high of $76.40. GXC has been showing support around 63.05 and resistance in the 65.21 range. Technical indicators are Bearish. GXC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 65 covered call for a net debit in the $59.97 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.96% downside protection and an 8.39% assigned return rate for a 23.55% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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