iShares S&P 500 Growth Index Fund (IVW) 11/5/09 PriceWatch Alert Could Hit 18.69% Return
Posted: Thursday, November 05, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $54.53. So far IVW has hit a 52-week low of $36.02 and 52-week high of $56.80. IVW has been showing support around 53.96 and resistance in the 55.52 range. Technical indicators are Bullish. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 56 covered call (IVW CD) for a net debit in the $52.38 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 3.94% downside protection and a 6.91% assigned return rate for an 18.69% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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