iShares Dow Jones U.S. Financial Sector Index Fund (IYF) 11/6/09 PriceWatch Alert With $47.21 Break Even

Posted: Friday, November 06, 2009 8:29 AM EDT

iShares Dow Jones U.S. Financial Sector Index Fund (PCX: IYF) closed yesterday at $50.91. So far IYF has hit a 52-week low of $23.15 and 52-week high of $55.34. IYF has been showing support around 49.42 and resistance in the 51.70 range. Technical indicators are Bearish. IYF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 50 covered call (IYF BX) for a net debit in the $47.21 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 7.27% downside protection and a 5.91% assigned return rate for a 20.35% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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