Interactive Brokers (IBKR) NewsBite - Government Bailout Boosts IBKR

Posted: Friday, September 19, 2008 11:36 AM EDT

Interactive Brokers (NasdaqNM: IBKR) opened at $24.48. So far today, the stock has hit a low of $18.33 and a high of $24.48. IBKR is now trading at $21.67, up $2.01 (10.22%). Over the last 52 weeks the stock has ranged from a low of $18.41 to a high of $35.93. Shares of IBKR are rising with other brokerages today following Treasury Secratary Henry Paulson's announcement of a plan to bail out the troubled banking industry. The move has bolstered the market and led to a strong open. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for IBKR. If you are looking for a hedged play on IBKR the stock seems like it could be a candidate for a March covered call above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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