iShares Russell Midcap Growth Index (IWP) 11/9/09 PriceWatch Alert Up To 8.47% Downside Protection
Posted: Monday, November 09, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Growth Index (PCX: IWP) ended the last trading session at $42.49. So far IWP has hit a 52-week low of $24.26 and 52-week high of $44.43. IWP has been showing support around 41.72 and resistance in the 43.06 range. Technical indicators are Bullish. IWP appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (IWP BH) for a net debit in the $38.89 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 8.47% downside protection and a 2.85% assigned return rate for a 10.11% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (IWP) Stock ReportSee what our analysts have uncovered about (IWP).