Telecom HOLDRS (TTH) PriceWatch Alert Up To 10.81% Return
Posted: Friday, October 24, 2008 8:07 AM EDT
By: Market Intelligence Center Staff
Telecom HOLDRS (AMEX: TTH) closed yesterday at $22.06. So far TTH has hit a 52-week low of $19.11 and 52-week high of $41.41. TTH has been showing support around 20.49 and resistance in the 23.27 range. Technical indicators are Bearish. TTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '09 20 covered call (TTH ED) for a net debit in the $18.86 area. That is also the break even stock price for this trade. This covered call has a 204 day duration, provides 14.51% downside protection and a 6.04% assigned return rate for a 10.81% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Telecom HOLDRS Trust (TTH) Stock ReportSee what our analysts have uncovered about Telecom HOLDRS Trust (TTH).