Software HOLDRS (SWH) 11/17/09 PriceWatch Alert Could Hit 9.55% Return
Posted: Tuesday, November 17, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $41.43. So far SWH has hit a 52-week low of $25.15 and 52-week high of $41.51. SWH has been showing support around 41.22 and resistance in the 41.62 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 $39.03 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 5.79% downside protection and a 2.49% assigned return rate for a 9.55% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).