KBW Bank ETF (KBE) 11/16/09 PriceWatch Alert At $18.64 Break Even
Posted: Monday, November 16, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) ended the last trading session at $21.39. So far KBE has hit a 52-week low of $8.90 and 52-week high of $25.59. KBE has been showing support around 21.03 and resistance in the 21.81 range. Technical indicators are Bearish. KBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 21 covered call (KEJ FU) for a net debit in the $18.64 area. That is also the break even stock price for this trade. This covered call has a 215 day duration, provides 12.86% downside protection and a 12.66% assigned return rate for a 21.49% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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