Software HOLDRS (SWH) 11/11/09 PriceWatch Alert At $38.45 Break Even
Posted: Wednesday, November 11, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $40.45. 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 40.21 and resistance in the 40.71 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 $38.45 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 4.94% downside protection and a 4.03% assigned return rate for a 14.57% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).