SPDR S&P Biotech ETF (XBI) 3/10/10 PriceWatch Alert Could Hit 15.66% Return
Posted: Wednesday, March 10, 2010 8:27 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Biotech ETF (PACF: XBI) closed yesterday at $59.65. So far XBI has hit a 52-week low of $43.16 and 52-week high of $60.02. XBI has been showing support around 58.67 and resistance in the 60.51 range. Technical indicators are Bullish. XBI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 59 covered call for a net debit in the $56.55 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 5.20% downside protection and a 4.33% assigned return rate for a 15.66% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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