KBW Bank ETF (KBE) 11/17/09 PriceWatch Alert Up To 13.43% Downside Protection
Posted: Tuesday, November 17, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) closed yesterday at $21.60. So far KBE has hit a 52-week low of $8.90 and 52-week high of $25.06. KBE has been showing support around 21.18 and resistance in the 22.20 range. Technical indicators are Bullish. 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 $18.70 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 13.43% downside protection and a 12.30% assigned return rate for a 20.98% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (KBE) Stock ReportSee what our analysts have uncovered about (KBE).