Software HOLDRS (SWH) 10/28/09 PriceWatch Alert At $39.12 Break Even
Posted: Wednesday, October 28, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $40.37. So far SWH has hit a 52-week low of $25.15 and 52-week high of $41.40. SWH has been showing support around 39.82 and resistance in the 40.98 range. Technical indicators are Bullish. SWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 40 covered call (SWH LH) for a net debit in the $39.12 area. That is also the break even stock price for this trade. This covered call has a 52 day duration, provides 3.10% downside protection and a 2.25% assigned return rate for a 15.79% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).