iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Support Down To $36.34
Posted: Friday, July 24, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $37.69. 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 36.34 and resistance in the 38.62 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 $34.09 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 9.55% downside protection and a 2.67% assigned return rate for a 17.09% 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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