Claymore/Bank of New York BRIC Select ADR Index ETF (EEB) 11/6/09 PriceWatch Alert Targets 7.91% Downside Protection

Posted: Friday, November 06, 2009 8:32 AM EDT

Claymore/Bank of New York BRIC Select ADR Index ETF (PCX: EEB) closed yesterday at $41.70. So far EEB has hit a 52-week low of $17.60 and 52-week high of $43.08. EEB has been showing support around 40.55 and resistance in the 42.29 range. Technical indicators are Bullish. EEB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 41 covered call (EEB CO) for a net debit in the $38.40 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.91% downside protection and a 6.77% assigned return rate for an 18.44% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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