iShares S&P Latin America 40 Index (ILF) PriceWatch Alert With $34.42 Break Even
Posted: Wednesday, August 12, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $38.72. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.16. ILF has been showing support around 38.21 and resistance in the 39.35 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 38 covered call (ILF CL) for a net debit in the $34.42 area. That is also the break even stock price for this trade. This covered call has a 220 day duration, provides 11.11% downside protection and a 10.40% assigned return rate for a 17.26% 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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