Market Vectors-Coal ETF (KOL) 11/20/09 PriceWatch Alert Could Hit 26.05% Return
Posted: Friday, November 20, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Market Vectors-Coal ETF (PCX: KOL) closed yesterday at $34.71. So far KOL has hit a 52-week low of $9.43 and 52-week high of $36.21. KOL has been showing support around 33.78 and resistance in the 35.58 range. Technical indicators are Bullish. KOL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 33 covered call (QLE AG) for a net debit in the $31.71 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 8.64% downside protection and a 4.07% assigned return rate for a 26.05% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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