iShares S&P Latin America 40 Index (ILF) 11/9/09 PriceWatch Alert Targets 24.09% Return
Posted: Monday, November 09, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) ended the last trading session at $46.14. So far ILF has hit a 52-week low of $19.64 and 52-week high of $47.72. ILF has been showing support around 45.24 and resistance in the 46.72 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 46 covered call (IOK CT) for a net debit in the $42.34 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 8.24% downside protection and an 8.64% assigned return rate for a 24.09% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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