iShares S&P GSCI Commodity-Indexed (GSG) 11/6/09 PriceWatch Alert With 4.97% Downside Protection
Posted: Friday, November 06, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $32.17. So far GSG has hit a 52-week low of $21.85 and 52-week high of $37.25. GSG has been showing support around 31.78 and resistance in the 32.50 range. Technical indicators are Bullish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 32 covered call (GSV AF) for a net debit in the $30.57 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 4.97% downside protection and a 4.68% assigned return rate for a 24.05% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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