Oil Service HOLDRS (OIH) 11/9/09 PriceWatch Alert Up To 6.99% Downside Protection
Posted: Monday, November 09, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Oil Service HOLDRS (AMEX: OIH) ended the last trading session at $120.90. So far OIH has hit a 52-week low of $60.96 and 52-week high of $132.39. OIH has been showing support around 117.65 and resistance in the 124.59 range. Technical indicators are Bullish. OIH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 120 covered call (OIH AD) for a net debit in the $112.45 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 6.99% downside protection and a 6.71% assigned return rate for a 36.04% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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