KBW Capital Markets ETF (KCE) 11/11/09 PriceWatch Alert With $33.02 Break Even
Posted: Wednesday, November 11, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $37.82. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 37.31 and resistance in the 38.21 range. Technical indicators are Bullish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 34 covered call (KAY CH) for a net debit in the $33.02 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 12.69% downside protection and a 2.97% assigned return rate for an 8.40% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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