KBW Capital Markets ETF (KCE) 11/6/09 PriceWatch Alert At $32.97 Break Even
Posted: Friday, November 06, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $36.77. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 35.83 and resistance in the 37.25 range. Technical indicators are Bearish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 34 covered call (KAY CH) for a net debit in the $32.97 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 10.33% downside protection and a 3.12% assigned return rate for an 8.51% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (KCE) Stock ReportSee what our analysts have uncovered about (KCE).