CurrencyShares Swedish Krona Trust (FXS) 11/6/09 PriceWatch Alert Targets 2.94% Downside Protection

Posted: Friday, November 06, 2009 8:39 AM EDT

CurrencyShares Swedish Krona Trust (PCX: FXS) closed yesterday at $142.64. So far FXS has hit a 52-week low of $107.13 and 52-week high of $147.78. FXS has been showing support around 141.69 and resistance in the 143.39 range. Technical indicators are Bearish. FXS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 145 covered call (FXS CO) for a net debit in the $138.44 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 2.94% downside protection and a 4.74% assigned return rate for a 12.91% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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