iShares Dow Jones U.S. Financial Services Index Fund (IYG) 11/6/09 PriceWatch Alert At $51.97 Break Even

Posted: Friday, November 06, 2009 8:25 AM EDT

iShares Dow Jones U.S. Financial Services Index Fund (PCX: IYG) closed yesterday at $53.82. So far IYG has hit a 52-week low of $22.64 and 52-week high of $58.98. IYG has been showing support around 52.04 and resistance in the 54.78 range. Technical indicators are Bearish. IYG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 55 covered call (IYG AC) for a net debit in the $51.97 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 3.44% downside protection and a 5.83% assigned return rate for a 29.97% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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