iShares COMEX Gold Trust (IAU) 11/3/09 PriceWatch Alert Up To 9.82% Return

Posted: Tuesday, November 03, 2009 8:35 AM EDT

iShares COMEX Gold Trust (PCX: IAU) closed yesterday at $103.95. So far IAU has hit a 52-week low of $68.90 and 52-week high of $104.76. IAU has been showing support around 102.86 and resistance in the 104.84 range. Technical indicators are Bullish. IAU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 100 covered call (IAU DT) for a net debit in the $95.75 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 7.89% downside protection and a 4.44% assigned return rate for a 9.82% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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