iShares S&P 500 Index (IVV) PriceWatch Alert Shows Bullish Technicals
Posted: Monday, August 17, 2009 8:30 AM EDT
iShares S&P 500 Index (PCX: IVV) closed yesterday at $101.05. 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 99.08 and resistance in the 102.90 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 $96.95 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 4.06% downside protection and a 3.15% assigned return rate for a 9.26% 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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