Telecom HOLDRS (TTH) PriceWatch Alert With 9.47% Downside Protection
Posted: Monday, April 13, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Telecom HOLDRS (AMEX: TTH) ended the last trading session at $23.77. 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 23.40 and resistance in the 24.06 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 $21.52 area. That is also the break even stock price for this trade. This covered call has a 222 day duration, provides 9.47% downside protection and a 4.55% assigned return rate for a 7.49% 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).