iShares Russell 3000 Index Fund (IWV) 11/6/09 PriceWatch Alert With 3.61% Downside Protection
Posted: Friday, November 06, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
iShares Russell 3000 Index Fund (PCX: IWV) closed yesterday at $62.29. So far IWV has hit a 52-week low of $38.65 and 52-week high of $64.60. IWV has been showing support around 61.11 and resistance in the 62.89 range. Technical indicators are Bullish. IWV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 63 covered call (IWV BK) for a net debit in the $60.04 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 3.61% downside protection and a 4.93% assigned return rate for a 16.98% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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