iShares Dow Jones U.S. Total Market Index (IYY) 11/3/09 PriceWatch Alert Up To 4.46% Downside Protection

Posted: Tuesday, November 03, 2009 8:27 AM EDT

iShares Dow Jones U.S. Total Market Index (PCX: IYY) closed yesterday at $51.57. So far IYY has hit a 52-week low of $32.85 and 52-week high of $54.71. IYY has been showing support around 50.41 and resistance in the 52.65 range. Technical indicators are Bearish. IYY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 53 covered call (IHJ CA) for a net debit in the $49.27 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 4.46% downside protection and a 7.57% assigned return rate for a 20.17% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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