CurrencyShares Japanese Yen Trust (FXY) 10/26/09 PriceWatch Alert Up To 3.71% Downside Protection

Posted: Monday, October 26, 2009 8:24 AM EDT

CurrencyShares Japanese Yen Trust (PCX: FXY) ended the last trading session at $107.88. So far FXY has hit a 52-week low of $98.48 and 52-week high of $114.61. FXY has been showing support around 107.58 and resistance in the 108.32 range. Technical indicators are Bearish. FXY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 107 covered call (GDW CC) for a net debit in the $103.88 area. That is also the break even stock price for this trade. This covered call has a 145 day duration, provides 3.71% downside protection and a 3.00% assigned return rate for a 7.56% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

Click Symbol For More News On: (FXY)