iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Targets 21.72% Return
Posted: Tuesday, July 14, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $32.95. 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 31.40 and resistance in the 33.80 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 $28.85 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 12.44% downside protection and a 3.99% assigned return rate for a 21.72% 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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