SPDR S&P Biotech ETF (XBI) 11/10/09 PriceWatch Alert With 5.99% Downside Protection
Posted: Tuesday, November 10, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Biotech ETF (PCX: XBI) closed yesterday at $50.05. So far XBI has hit a 52-week low of $43.03 and 52-week high of $56.92. XBI has been showing support around 49.50 and resistance in the 50.58 range. Technical indicators are Neutral. XBI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (XBI CX) for a net debit in the $47.05 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.99% downside protection and a 6.27% assigned return rate for a 17.60% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (XBI) Stock ReportSee what our analysts have uncovered about (XBI).