iShares Russell Midcap Index Fund (IWR) 2/9/10 PriceWatch Alert Targets 7.88% Downside Protection
Posted: Tuesday, February 09, 2010 8:33 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PACF: IWR) closed yesterday at $78.69. So far IWR has hit a 52-week low of $44.65 and 52-week high of $85.73. IWR has been showing support around 77.68 and resistance in the 80.30 range. Technical indicators are Bearish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 75 covered call for a net debit in the $72.49 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 7.88% downside protection and a 3.46% assigned return rate for a 12.39% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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