iShares Dow Jones U.S. Regional Banks Index Fund (IAT) PriceWatch Alert for November 3, 2009

Posted: Tuesday, November 03, 2009 8:26 AM EDT

iShares Dow Jones U.S. Regional Banks Index Fund (PCX: IAT) closed yesterday at $19.93. So far IAT has hit a 52-week low of $10.86 and 52-week high of $30.93. IAT has been showing support around 19.03 and resistance in the 20.77 range. Technical indicators are Bearish. IAT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 20 covered call (IAT DT) for a net debit in the $18.43 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 7.53% downside protection and an 8.52% assigned return rate for an 18.84% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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