iShares S&P Latin America 40 Index (ILF) PriceWatch Alert With $31.65 Break Even
Posted: Monday, June 29, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) ended the last trading session at $34.85. So far ILF has hit a 52-week low of $19.64 and 52-week high of $55.47. ILF has been showing support around 34.19 and resistance in the 35.37 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 an Aug '09 33 covered call (ILF HG) for a net debit in the $31.65 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 9.18% downside protection and a 4.27% assigned return rate for a 28.83% 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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