iShares S&P 500 Value Index Fund (IVE) 11/3/09 PriceWatch Alert At $48.49 Break Even

Posted: Tuesday, November 03, 2009 8:30 AM EDT

iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $49.64. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 48.33 and resistance in the 50.85 range. Technical indicators are Bearish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 51 covered call (JOD AY) for a net debit in the $48.49 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 2.32% downside protection and a 5.18% assigned return rate for a 25.53% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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