KBW Bank ETF (KBE) 11/10/09 PriceWatch Alert At $18.96 Break Even
Posted: Tuesday, November 10, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) closed yesterday at $21.96. So far KBE has hit a 52-week low of $8.90 and 52-week high of $27.26. KBE has been showing support around 21.14 and resistance in the 22.42 range. Technical indicators are Neutral. KBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 21 covered call (KEJ FU) for a net debit in the $18.96 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 13.66% downside protection and a 10.76% assigned return rate for a 17.77% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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