CurrencyShares Swiss Franc Trust (FXF) 11/3/09 PriceWatch Alert With 3.18% Downside Protection
Posted: Tuesday, November 03, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Swiss Franc Trust (PCX: FXF) closed yesterday at $97.45. So far FXF has hit a 52-week low of $81.26 and 52-week high of $99.29. FXF has been showing support around 96.80 and resistance in the 98.26 range. Technical indicators are Bullish. FXF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 97 covered call (FXF CS) for a net debit in the $94.35 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 3.18% downside protection and a 2.81% assigned return rate for a 7.48% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (FXF) Stock ReportSee what our analysts have uncovered about (FXF).