iShares S&P 500 Index (IVV) 10/27/09 PriceWatch Alert Targets 3.08% Downside Protection

Posted: Tuesday, October 27, 2009 8:20 AM EDT

iShares S&P 500 Index (PCX: IVV) closed yesterday at $107.19. 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 105.25 and resistance in the 110.63 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 '09 107 covered call (ILD LC) for a net debit in the $103.89 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 3.08% downside protection and a 2.99% assigned return rate for a 20.62% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (IVV)