Rochester,NY 8/14/2009 10:56:02 PM
Diamonds Trust, Series 1, DIA - Diamonds Trust, Series 1 Support Around $92.78
Diamonds Trust, Series 1
Diamonds Trust, Series 1 closed at $94.19 yesterday. DIA has hit a 52-week low of $64.78 and 52-week high of $118.01. it has showed support around 92.78 and resistance in the 94.96 range. Technical indicators are Bullish.
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DIA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 94 covered call (DAV JP) for a net debit in the $91.04 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 3.34% downside protection and a 3.25% assigned return rate for an 18.54% annualized return rate.
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