iShares Dow Jones U.S. Total Market Index (IYY) 11/6/09 PriceWatch Alert Down To $50.56 Break Even

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

iShares Dow Jones U.S. Total Market Index (PCX: IYY) closed yesterday at $52.86. So far IYY has hit a 52-week low of $32.85 and 52-week high of $54.71. IYY has been showing support around 51.99 and resistance in the 53.31 range. Technical indicators are Bullish. IYY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 54 covered call (IHJ CB) for a net debit in the $50.56 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 4.35% downside protection and a 6.80% assigned return rate for an 18.53% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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