CurrencyShares Australian Dollar Trust (FXA) 11/20/09 PriceWatch Alert Could Hit 9.55% Return
Posted: Friday, November 20, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Australian Dollar Trust (PCX: FXA) closed yesterday at $92.10. So far FXA has hit a 52-week low of $60.81 and 52-week high of $94.19. FXA has been showing support around 91.23 and resistance in the 92.57 range. Technical indicators are Bullish. FXA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 92 covered call (FGA CN) for a net debit in the $89.20 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 3.15% downside protection and a 3.14% assigned return rate for a 9.55% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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