iShares S&P 500 Index (IVV) 10/28/09 PriceWatch Alert With $102.37 Break Even

Posted: Wednesday, October 28, 2009 8:14 AM EDT

iShares S&P 500 Index (PCX: IVV) closed yesterday at $106.77. 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 105.50 and resistance in the 108.38 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 Mar '10 106 covered call (ILD CB) for a net debit in the $102.37 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 4.12% downside protection and a 3.55% assigned return rate for a 9.05% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]

Click Symbol For More News On: (IVV)