iShares S&P MidCap 400 Index Fund (IJH) 2/9/10 PriceWatch Alert Up To 5.93% Downside Protection
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PACF: IJH) closed yesterday at $69.11. So far IJH has hit a 52-week low of $39.80 and 52-week high of $75.42. IJH has been showing support around 68.25 and resistance in the 70.47 range. Technical indicators are Bearish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 68 covered call for a net debit in the $65.01 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 5.93% downside protection and a 4.60% assigned return rate for a 16.46% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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