CurrencyShares Swiss Franc Trust (FXF) 11/20/09 PriceWatch Alert Targets 2.90% Downside Protection
Posted: Friday, November 20, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Swiss Franc Trust (PCX: FXF) closed yesterday at $98.29. So far FXF has hit a 52-week low of $81.26 and 52-week high of $99.29. FXF has been showing support around 97.62 and resistance in the 98.66 range. Technical indicators are Bullish. FXF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 98 covered call (FXF CT) for a net debit in the $95.44 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 2.90% downside protection and a 2.68% assigned return rate for an 8.16% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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