CurrencyShares Japanese Yen Trust (FXY) PriceWatch Alert At $101.70 Break Even
Posted: Thursday, June 25, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Japanese Yen Trust (PCX: FXY) closed yesterday at $104.10. So far FXY has hit a 52-week low of $90.15 and 52-week high of $114.61. FXY has been showing support around 103.23 and resistance in the 104.85 range. Technical indicators are Bullish. FXY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Aug '09 104 covered call (FXY HZ) for a net debit in the $101.70 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 2.31% downside protection and a 2.26% assigned return rate for a 14.23% 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 (FXY) Stock ReportSee what our analysts have uncovered about (FXY).