SPDR S&P Biotech ETF (XBI) 11/16/09 PriceWatch Alert At $47.31 Break Even
Posted: Monday, November 16, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Biotech ETF (PCX: XBI) ended the last trading session at $50.31. So far XBI has hit a 52-week low of $43.03 and 52-week high of $56.92. XBI has been showing support around 49.52 and resistance in the 51.32 range. Technical indicators are Bearish. XBI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (XBI CX) for a net debit in the $47.31 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 5.96% downside protection and a 5.69% assigned return rate for a 16.74% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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