iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Down To $34.87 Break Even

Posted: Friday, August 07, 2009 8:17 AM EDT

iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $39.07. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.89. ILF has been showing support around 37.96 and resistance in the 40.58 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 Mar '10 39 covered call (ILF CM) for a net debit in the $34.87 area. That is also the break even stock price for this trade. This covered call has a 225 day duration, provides 10.75% downside protection and an 11.84% assigned return rate for a 19.21% 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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