Oil Service HOLDRS (OIH) 11/11/09 PriceWatch Alert Support At Around $120.47
Posted: Wednesday, November 11, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Oil Service HOLDRS (AMEX: OIH) closed yesterday at $124.16. 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 120.47 and resistance in the 127.09 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 $114.31 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 7.93% downside protection and a 4.98% assigned return rate for a 27.53% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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