Software HOLDRS (SWH) 11/10/09 PriceWatch Alert Down To $38.47 Break Even
Posted: Tuesday, November 10, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $40.52. So far SWH has hit a 52-week low of $25.15 and 52-week high of $41.40. SWH has been showing support around 39.70 and resistance in the 40.96 range. Technical indicators are Bullish. SWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (SWH BH) for a net debit in the $38.47 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 5.06% downside protection and a 3.98% assigned return rate for a 14.23% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).