iShares Dow Jones U.S. Financial Services Index Fund (IYG) 11/3/09 PriceWatch Alert With $49.44 Break Even

Posted: Tuesday, November 03, 2009 8:39 AM EDT

iShares Dow Jones U.S. Financial Services Index Fund (PCX: IYG) closed yesterday at $52.94. So far IYG has hit a 52-week low of $22.64 and 52-week high of $63.21. IYG has been showing support around 50.47 and resistance in the 54.99 range. Technical indicators are Bearish. IYG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 54 covered call (IYG DB) for a net debit in the $49.44 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 6.61% downside protection and a 9.22% assigned return rate for a 20.40% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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