iShares Russell Midcap Growth Index (IWP) PriceWatch Alert With $32.83 Break Even
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Growth Index (PCX: IWP) closed yesterday at $35.53. So far IWP has hit a 52-week low of $24.26 and 52-week high of $54.99. IWP has been showing support around 35.14 and resistance in the 36.24 range. Technical indicators are Neutral. IWP appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 35 covered call (IWP KG) for a net debit in the $32.83 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 7.60% downside protection and a 6.61% assigned return rate for a 17.48% 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 (IWP) Stock ReportSee what our analysts have uncovered about (IWP).