SPDR S&P Biotech ETF (XBI) PriceWatch Alert for July 6, 2009

Posted: Monday, July 06, 2009 8:07 AM EDT

SPDR S&P Biotech ETF (PCX: XBI) closed yesterday at $48.53. So far XBI has hit a 52-week low of $43.03 and 52-week high of $69.85. XBI has been showing support around 47.54 and resistance in the 50.28 range. Technical indicators are Neutral. XBI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 48 covered call (XBI IV) for a net debit in the $45.88 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 5.46% downside protection and a 4.62% assigned return rate for a 22.49% 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]

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