SPDR S&P Biotech ETF (XBI) 3/17/10 PriceWatch Alert With $58.39 Break Even
Posted: Wednesday, March 17, 2010 8:17 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Biotech ETF (PACF: XBI) closed yesterday at $61.49. So far XBI has hit a 52-week low of $43.16 and 52-week high of $61.56. XBI has been showing support around 60.99 and resistance in the 61.81 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 61 covered call for a net debit in the $58.39 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 5.04% downside protection and a 4.47% assigned return rate for a 17.36% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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