iShares S&P MidCap 400 Index Fund (IJH) 11/9/09 PriceWatch Alert With 18.52% Downside Protection
Posted: Monday, November 09, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) ended the last trading session at $68.03. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 66.70 and resistance in the 69.28 range. Technical indicators are Bearish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 59 covered call (IGH AG) for a net debit in the $55.43 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 18.52% downside protection and a 6.44% assigned return rate for a 34.57% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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