Utilities HOLDRS (UTH) 11/9/09 PriceWatch Alert With 4.35% Downside Protection
Posted: Monday, November 09, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) ended the last trading session at $91.85. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 91.68 and resistance in the 92.20 range. Technical indicators are Bearish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 90 covered call (UTH BR) for a net debit in the $87.85 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 4.35% downside protection and a 2.45% assigned return rate for an 8.67% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).