KBW Bank ETF (KBE) 11/25/09 PriceWatch Alert Could Hit 20.26% Return
Posted: Wednesday, November 25, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) closed yesterday at $21.99. 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 21.61 and resistance in the 22.31 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 Mar '10 21 covered call (KEJ CU) for a net debit in the $19.74 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 10.23% downside protection and a 6.38% assigned return rate for a 20.26% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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