iShares Dow Jones U.S. Utilities Sector Index Fund (IDU) 11/6/09 PriceWatch Alert Down To $66.40 Break Even

Posted: Friday, November 06, 2009 8:35 AM EDT

iShares Dow Jones U.S. Utilities Sector Index Fund (PCX: IDU) closed yesterday at $69.70. So far IDU has hit a 52-week low of $53.15 and 52-week high of $72.92. IDU has been showing support around 68.67 and resistance in the 70.25 range. Technical indicators are Bearish. IDU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 69 covered call (DUQ CQ) for a net debit in the $66.40 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 4.73% downside protection and a 3.92% assigned return rate for a 10.67% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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