iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Down To $28.71 Break Even
Posted: Monday, July 13, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) ended the last trading session at $32.41. So far ILF has hit a 52-week low of $19.64 and 52-week high of $51.80. ILF has been showing support around 31.45 and resistance in the 32.99 range. Technical indicators are Bearish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 30 covered call (ILF IF) for a net debit in the $28.71 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 11.42% downside protection and a 4.49% assigned return rate for a 24.12% 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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