iShares S&P GSCI Commodity-Indexed (GSG) 11/10/09 PriceWatch Alert Up To 4.97% Downside Protection
Posted: Tuesday, November 10, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $32.20. 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 31.27 and resistance in the 32.97 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 32 covered call (GSV AF) for a net debit in the $30.60 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 4.97% downside protection and a 4.58% assigned return rate for a 24.92% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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