CurrencyShares Australian Dollar Trust (FXA) 11/6/09 PriceWatch Alert At $87.86 Break Even

Posted: Friday, November 06, 2009 8:26 AM EDT

CurrencyShares Australian Dollar Trust (PCX: FXA) closed yesterday at $91.06. So far FXA has hit a 52-week low of $60.81 and 52-week high of $93.41. FXA has been showing support around 90.63 and resistance in the 91.45 range. Technical indicators are Bullish. FXA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 91 covered call (FGA CM) for a net debit in the $87.86 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 3.51% downside protection and a 3.57% assigned return rate for a 9.73% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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