iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Targets 10.60% Downside Protection

Posted: Friday, August 14, 2009 8:22 AM EDT

iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $39.61. 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 38.89 and resistance in the 40.15 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 $35.41 area. That is also the break even stock price for this trade. This covered call has a 218 day duration, provides 10.60% downside protection and a 10.14% assigned return rate for a 16.97% 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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