iShares S&P GSTI Semicondtr. Idx. (IGW) 11/6/09 PriceWatch Alert With $38.65 Break Even

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

iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) closed yesterday at $41.75. So far IGW has hit a 52-week low of $22.90 and 52-week high of $46.51. IGW has been showing support around 40.66 and resistance in the 42.46 range. Technical indicators are Bearish. IGW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 40 covered call (IGW AH) for a net debit in the $38.65 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 7.43% downside protection and a 3.49% assigned return rate for a 17.96% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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