iShares Dow Jones U.S. Total Market Index (IYY) 2/9/10 PriceWatch Alert At $50.59 Break Even
Posted: Tuesday, February 09, 2010 8:42 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Total Market Index (PACF: IYY) closed yesterday at $52.59. So far IYY has hit a 52-week low of $32.85 and 52-week high of $57.23. IYY has been showing support around 52.12 and resistance in the 53.52 range. Technical indicators are Bearish. IYY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 54 covered call for a net debit in the $50.59 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.80% downside protection and a 6.74% assigned return rate for an 18.93% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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