Biotech HOLDRS (BBH) 2/9/10 PriceWatch Alert With $91.06 Break Even
Posted: Tuesday, February 09, 2010 8:45 AM EDT
By: Market Intelligence Center Staff
Biotech HOLDRS (PACF: BBH) closed yesterday at $99.76. So far BBH has hit a 52-week low of $77.50 and 52-week high of $104.87. BBH has been showing support around 98.56 and resistance in the 101.10 range. Technical indicators are Bullish. BBH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 95 covered call for a net debit in the $91.06 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 8.72% downside protection and a 4.33% assigned return rate for a 10.00% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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