iShares Russell Midcap Index Fund (IWR) 11/9/09 PriceWatch Alert Up To 6.58% Downside Protection
Posted: Monday, November 09, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) ended the last trading session at $77.46. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 76.08 and resistance in the 78.56 range. Technical indicators are Bearish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 75 covered call (IWR BO) for a net debit in the $72.36 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 6.58% downside protection and a 3.65% assigned return rate for a 12.93% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (IWR) Stock ReportSee what our analysts have uncovered about (IWR).