Telecom HOLDRS (TTH) PriceWatch Alert Could Hit 9.66% Return
Posted: Thursday, April 09, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Telecom HOLDRS (AMEX: TTH) closed yesterday at $23.23. So far TTH has hit a 52-week low of $19.03 and 52-week high of $35.22. TTH has been showing support around 22.81 and resistance in the 23.73 range. Technical indicators are Bullish. TTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 22.50 covered call (TTH KX) for a net debit in the $21.23 area. That is also the break even stock price for this trade. This covered call has a 226 day duration, provides 8.61% downside protection and a 5.98% assigned return rate for a 9.66% 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).