iShares S&P SmallCap 600 Value Index Fund (IJS) PriceWatch Alert Could Hit 24.47% Return

Posted: Monday, July 06, 2009 8:07 AM EDT

iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $46.42. So far IJS has hit a 52-week low of $31.76 and 52-week high of $72.00. IJS has been showing support around 45.50 and resistance in the 47.88 range. Technical indicators are Bullish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 47 covered call (ISD KU) for a net debit in the $43.02 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 7.32% downside protection and a 9.25% assigned return rate for a 24.47% 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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