iShares S&P 500 Index (IVV) PriceWatch Alert Support At Around $100.11
Posted: Friday, August 14, 2009 8:22 AM EDT
iShares S&P 500 Index (PCX: IVV) closed yesterday at $101.88. So far IVV has hit a 52-week low of $67.22 and 52-week high of $130.92. IVV has been showing support around 100.11 and resistance in the 102.81 range. Technical indicators are Bullish. IVV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 100 covered call (ILD LV) for a net debit in the $96.18 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 5.59% downside protection and a 3.97% assigned return rate for an 11.41% 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]
Click Symbol For More News On: (IVV)
Limited Time Offer: Click here for “FREE PriceWatch Alerts” on leading stocks from Investors Observer. Get the right investing information at the right time. Give yourself EVERY edge in this market GO »