iShares S&P GSCI Commodity-Indexed (GSG) 11/9/09 PriceWatch Alert Targets 5.25% Downside Protection
Posted: Monday, November 09, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) ended the last trading session at $31.45. So far GSG has hit a 52-week low of $21.85 and 52-week high of $37.25. GSG has been showing support around 30.74 and resistance in the 32.18 range. Technical indicators are Bullish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (GSV AE) for a net debit in the $29.80 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 5.25% downside protection and a 4.03% assigned return rate for a 21.61% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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