SPDR Dow Jones Euro STOXX 50 ETF (FEZ) PriceWatch Alert At $35.76 Break Even
Posted: Monday, August 17, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
SPDR Dow Jones Euro STOXX 50 ETF (PCX: FEZ) closed yesterday at $37.76. So far FEZ has hit a 52-week low of $21.92 and 52-week high of $48.91. FEZ has been showing support around 36.97 and resistance in the 38.61 range. Technical indicators are Bullish. FEZ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 37 covered call (FFV AK) for a net debit in the $35.76 area. That is also the break even stock price for this trade. This covered call has a 152 day duration, provides 5.30% downside protection and a 3.47% assigned return rate for an 8.33% 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 (FEZ) Stock ReportSee what our analysts have uncovered about (FEZ).