KBW Capital Markets ETF (KCE) 11/20/09 PriceWatch Alert Up To 11.57% Downside Protection
Posted: Friday, November 20, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $37.18. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 36.57 and resistance in the 38.01 range. Technical indicators are Bearish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 34 covered call (KAY CH) for a net debit in the $32.88 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 11.57% downside protection and a 3.41% assigned return rate for a 10.36% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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