iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) 2/9/10 PriceWatch Alert Up To 11.12% Return
Posted: Tuesday, February 09, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Telecommunications Sector Index Fund (PACF: IYZ) closed yesterday at $17.95. So far IYZ has hit a 52-week low of $13.39 and 52-week high of $20.76. IYZ has been showing support around 17.76 and resistance in the 18.32 range. Technical indicators are Bearish. IYZ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Aug '10 18 covered call for a net debit in the $17.00 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 5.29% downside protection and a 5.88% assigned return rate for an 11.12% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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