iShares S&P 500 Value Index Fund (IVE) PriceWatch Alert With $40.60 Break Even

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

iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $42.65. So far IVE has hit a 52-week low of $30.62 and 52-week high of $67.25. IVE has been showing support around 42.11 and resistance in the 43.57 range. Technical indicators are Neutral. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 43 covered call (JOD JQ) for a net debit in the $40.60 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 4.81% downside protection and a 5.91% assigned return rate for a 20.95% 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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