iShares S&P Latin America 40 Index (ILF) 3/12/10 PriceWatch Alert At $44.61 Break Even
Posted: Friday, March 12, 2010 8:25 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PACF: ILF) closed yesterday at $47.81. So far ILF has hit a 52-week low of $23.68 and 52-week high of $50.25. ILF has been showing support around 46.99 and resistance in the 48.25 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 47 covered call for a net debit in the $44.61 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 6.69% downside protection and a 5.36% assigned return rate for a 19.75% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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