PowerShares India Portfolio (PIN) 2/9/10 PriceWatch Alert With $18.51 Break Even
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
PowerShares India Portfolio (PACF: PIN) closed yesterday at $20.01. So far PIN has hit a 52-week low of $9.54 and 52-week high of $23.35. PIN has been showing support around 19.80 and resistance in the 20.42 range. Technical indicators are Bearish. PIN appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 20 covered call for a net debit in the $18.51 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.50% downside protection and an 8.05% assigned return rate for a 22.60% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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