iShares S&P Latin America 40 Index (ILF) PriceWatch Alert At $34.06 Break Even

Posted: Friday, July 31, 2009 8:07 AM EDT

iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $37.56. So far ILF has hit a 52-week low of $19.64 and 52-week high of $51.15. ILF has been showing support around 37.11 and resistance in the 37.97 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 $34.06 area. That is also the break even stock price for this trade. This covered call has a 50 day duration, provides 9.32% downside protection and a 2.76% assigned return rate for a 20.15% 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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