iShares S&P GSTI Semicondtr. Idx. (IGW) PriceWatch Alert Up To 10.30% Downside Protection
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) closed yesterday at $36.90. So far IGW has hit a 52-week low of $22.90 and 52-week high of $52.30. IGW has been showing support around 36.18 and resistance in the 37.46 range. Technical indicators are Bullish. IGW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 35 covered call (IGW JG) for a net debit in the $33.10 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 10.30% downside protection and a 5.74% assigned return rate for a 20.34% 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]
CLICK HERE: FREE (IGW) Stock ReportSee what our analysts have uncovered about (IGW).