iShares S&P MidCap 400 Index Fund (IJH) 11/10/09 PriceWatch Alert Targets 4.16% Downside Protection
Posted: Tuesday, November 10, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $69.77. 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 68.30 and resistance in the 70.50 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 69 covered call (IAJ AQ) for a net debit in the $66.87 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 4.16% downside protection and a 3.19% assigned return rate for a 17.35% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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