iShares S&P 500 Index (IVV) 10/26/09 PriceWatch Alert Targets 18.25% Return

Posted: Monday, October 26, 2009 8:08 AM EDT

iShares S&P 500 Index (PCX: IVV) ended the last trading session at $108.46. So far IVV has hit a 52-week low of $67.22 and 52-week high of $110.75. IVV has been showing support around 106.32 and resistance in the 111.82 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 '09 108 covered call (ILD LD) for a net debit in the $105.16 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 3.04% downside protection and a 2.70% assigned return rate for an 18.25% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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