CurrencyShares Japanese Yen Trust (FXY) 11/2/09 PriceWatch Alert Up To 8.64% Return

Posted: Monday, November 02, 2009 8:09 AM EDT

CurrencyShares Japanese Yen Trust (PCX: FXY) ended the last trading session at $110.32. 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 108.41 and resistance in the 111.39 range. Technical indicators are Bullish. FXY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 110 covered call (GDW CF) for a net debit in the $106.52 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 3.44% downside protection and a 3.27% assigned return rate for an 8.64% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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