iShares S&P MidCap 400 Index Fund (IJH) 11/6/09 PriceWatch Alert Down To $55.67 Break Even

Posted: Friday, November 06, 2009 8:40 AM EDT

iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $68.27. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 66.50 and resistance in the 69.16 range. Technical indicators are Bearish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 59 covered call (IGH AG) for a net debit in the $55.67 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 18.46% downside protection and a 5.98% assigned return rate for a 30.75% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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