iShares Dow Jones Select Dividend Index Fund (DVY) 11/3/09 PriceWatch Alert Up To 9.23% Return

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

iShares Dow Jones Select Dividend Index Fund (PCX: DVY) closed yesterday at $40.86. So far DVY has hit a 52-week low of $25.92 and 52-week high of $49.00. DVY has been showing support around 39.92 and resistance in the 41.74 range. Technical indicators are Bearish. DVY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 40 covered call (DYV CN) for a net debit in the $38.66 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 5.38% downside protection and a 3.47% assigned return rate for a 9.23% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (DVY)