Telecom HOLDRS (TTH) PriceWatch Alert Targets 16.06% Return
Posted: Monday, November 03, 2008 8:07 AM EDT
By: Market Intelligence Center Staff
Telecom HOLDRS (AMEX: TTH) ended the last trading session at $23.73. So far TTH has hit a 52-week low of $19.03 and 52-week high of $40.24. TTH has been showing support around 22.89 and resistance in the 25.23 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 22.50 covered call (TTH EX) for a net debit in the $20.73 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 12.64% downside protection and an 8.54% assigned return rate for a 16.06% 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).