Utilities HOLDRS (UTH) 11/17/09 PriceWatch Alert Up To 4.92% Return
Posted: Tuesday, November 17, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $94.20. 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 93.95 and resistance in the 94.39 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 $87.80 area. That is also the break even stock price for this trade. This covered call has an 186 day duration, provides 6.79% downside protection and a 2.51% assigned return rate for a 4.92% annualized return rate (comparison purposes only). [ATU-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).