iShares S&P GSCI Commodity-Indexed (GSG) PriceWatch Alert Down To $26.29 Break Even

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

iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $28.84. So far GSG has hit a 52-week low of $21.85 and 52-week high of $76.58. GSG has been showing support around 28.61 and resistance in the 29.31 range. Technical indicators are Bearish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 28 covered call (GSV JB) for a net debit in the $26.29 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 8.84% downside protection and a 6.50% assigned return rate for a 23.05% 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 Symbol For More News On: (GSG)