KBW Bank ETF (KBE) 3/15/10 PriceWatch Alert Could Hit 20.86% Return
Posted: Monday, March 15, 2010 8:18 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PACF: KBE) ended the last trading session at $25.05. So far KBE has hit a 52-week low of $12.21 and 52-week high of $25.60. KBE has been showing support around 24.56 and resistance in the 25.84 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 $23.70 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 5.39% downside protection and a 5.49% assigned return rate for a 20.86% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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