Internet HOLDRS (HHH) 11/3/09 PriceWatch Alert Down To $48.55 Break Even

Posted: Tuesday, November 03, 2009 8:38 AM EDT

Internet HOLDRS (AMEX: HHH) closed yesterday at $53.65. So far HHH has hit a 52-week low of $23.20 and 52-week high of $56.62. HHH has been showing support around 52.36 and resistance in the 54.52 range. Technical indicators are Bullish. HHH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 50 covered call (HHH AJ) for a net debit in the $48.55 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 9.51% downside protection and a 2.99% assigned return rate for a 14.73% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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