iShares S&P 500 Index (IVV) 11/5/09 PriceWatch Alert Down To $100.70 Break Even

Posted: Thursday, November 05, 2009 8:07 AM EDT

iShares S&P 500 Index (PCX: IVV) closed yesterday at $105.10. So far IVV has hit a 52-week low of $67.22 and 52-week high of $110.75. IVV has been showing support around 103.90 and resistance in the 107.26 range. Technical indicators are Bearish. IVV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 105 covered call (ILD CA) for a net debit in the $100.70 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 4.19% downside protection and a 4.27% assigned return rate for an 11.55% annualized return rate (comparison purposes only). [THA-Seven Summits Research]

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