Oil Service HOLDRS (OIH) PriceWatch Alert for November 10, 2009
Posted: Tuesday, November 10, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Oil Service HOLDRS (AMEX: OIH) closed yesterday at $124.68. 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 122.34 and resistance in the 126.32 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 $114.23 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 8.38% downside protection and a 5.05% assigned return rate for a 27.52% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE Oil Service Holdrs Trust (OIH) Stock ReportSee what our analysts have uncovered about Oil Service Holdrs Trust (OIH).