Utilities HOLDRS (UTH) 11/10/09 PriceWatch Alert With $87.88 Break Even
Posted: Tuesday, November 10, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $93.48. 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 91.99 and resistance in the 94.23 range. Technical indicators are Bullish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 90 covered call (UTH ER) for a net debit in the $87.88 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 5.99% downside protection and a 2.41% assigned return rate for a 4.56% annualized return rate (comparison purposes only). [ATU-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).