Software HOLDRS (SWH) 11/16/09 PriceWatch Alert Targets 5.25% Downside Protection
Posted: Monday, November 16, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) ended the last trading session at $40.98. 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 40.48 and resistance in the 41.26 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 $38.83 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 5.25% downside protection and a 3.01% assigned return rate for an 11.46% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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