KBW Capital Markets ETF (KCE) PriceWatch Alert Down To $29.09 Break Even
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $32.49. So far KCE has hit a 52-week low of $17.92 and 52-week high of $48.63. KCE has been showing support around 31.88 and resistance in the 33.70 range. Technical indicators are Bullish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 32 covered call (KAY LF) for a net debit in the $29.09 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 10.46% downside protection and a 10.00% assigned return rate for a 22.00% 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 (KCE) Stock ReportSee what our analysts have uncovered about (KCE).