KBW Insurance ETF (KIE) 2/9/10 PriceWatch Alert Up To 4.38% Downside Protection
Posted: Tuesday, February 09, 2010 8:38 AM EDT
By: Market Intelligence Center Staff
KBW Insurance ETF (PACF: KIE) closed yesterday at $34.25. So far KIE has hit a 52-week low of $14.30 and 52-week high of $37.84. KIE has been showing support around 33.62 and resistance in the 35.32 range. Technical indicators are Bearish. KIE 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 $32.75 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 4.38% downside protection and a 6.87% assigned return rate for a 19.29% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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