iShares S&P Latin America 40 Index (ILF) PriceWatch Alert With 8.44% Downside Protection
Posted: Thursday, July 23, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $36.71. So far ILF has hit a 52-week low of $19.64 and 52-week high of $51.39. ILF has been showing support around 35.71 and resistance in the 37.53 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 35 covered call (ILF II) for a net debit in the $33.61 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 8.44% downside protection and a 4.14% assigned return rate for a 26.03% 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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