iShares S&P 500 Index (IVV) 10/29/09 PriceWatch Alert Up To 22.28% Return

Posted: Thursday, October 29, 2009 8:07 AM EDT

iShares S&P 500 Index (PCX: IVV) closed yesterday at $104.76. 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 103.30 and resistance in the 107.54 range. Technical indicators are Bearish. IVV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 104 covered call (ILD LZ) for a net debit in the $100.86 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 3.72% downside protection and a 3.11% assigned return rate for a 22.28% annualized return rate (comparison purposes only). [THA-Seven Summits Research]

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