CurrencyShares Japanese Yen Trust (FXY) 10/27/09 PriceWatch Alert Up To 7.56% Return

Posted: Tuesday, October 27, 2009 8:44 AM EDT

CurrencyShares Japanese Yen Trust (PCX: FXY) closed yesterday at $107.70. 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 107.33 and resistance in the 108.29 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 $103.90 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 3.53% downside protection and a 2.98% assigned return rate for a 7.56% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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