KBW Bank ETF (KBE) 3/12/10 PriceWatch Alert At $23.90 Break Even
Posted: Friday, March 12, 2010 8:35 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PACF: KBE) closed yesterday at $25.30. So far KBE has hit a 52-week low of $11.38 and 52-week high of $25.31. KBE has been showing support around 24.71 and resistance in the 25.61 range. Technical indicators are Bullish. KBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 25 covered call for a net debit in the $23.90 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 5.53% downside protection and a 4.60% assigned return rate for a 16.97% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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