iShares S&P 100 Index Fund (OEF) PriceWatch Alert Shows Neutral Technicals

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

iShares S&P 100 Index Fund (PCX: OEF) closed yesterday at $42.11. So far OEF has hit a 52-week low of $32.02 and 52-week high of $61.15. OEF has been showing support around 41.67 and resistance in the 42.99 range. Technical indicators are Neutral. OEF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 41 covered call (OEF IO) for a net debit in the $39.61 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 5.94% downside protection and a 3.51% assigned return rate for a 17.08% 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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