iShares Russell 1000 Value Index Fund (IWD) 11/3/09 PriceWatch Alert Down To $51.64 Break Even

Posted: Tuesday, November 03, 2009 8:46 AM EDT

iShares Russell 1000 Value Index Fund (PCX: IWD) closed yesterday at $54.04. So far IWD has hit a 52-week low of $33.52 and 52-week high of $57.95. IWD has been showing support around 52.53 and resistance in the 55.49 range. Technical indicators are Bearish. IWD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 54 covered call (IWD BB) for a net debit in the $51.64 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 4.44% downside protection and a 4.57% assigned return rate for a 15.30% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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