iShares S&P 500 Index (IVV) PriceWatch Alert Support Down To $88.06

Thursday, December 11, 2008 8:07 AM EDT

iShares S&P 500 Index (PCX: IVV) closed yesterday at $90.56. So far IVV has hit a 52-week low of $74.50 and 52-week high of $152.02. IVV has been showing support around 88.06 and resistance in the 92.80 range. Technical indicators are Bearish. IVV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '09 90 covered call (ISZ CL) for a net debit in the $82.26 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 9.17% downside protection and a 9.41% assigned return rate for a 34.34% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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