Utilities HOLDRS (UTH) 11/12/09 PriceWatch Alert With 6.54% Downside Protection
Posted: Thursday, November 12, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $93.34. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 92.75 and resistance in the 94.51 range. Technical indicators are Bullish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 90 covered call (UTH ER) for a net debit in the $87.24 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 6.54% downside protection and a 3.16% assigned return rate for a 6.05% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).