iShares S&P Latin America 40 Index (ILF) 11/10/09 PriceWatch Alert Targets 8.37% Downside Protection
Posted: Tuesday, November 10, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $47.78. So far ILF has hit a 52-week low of $19.64 and 52-week high of $47.89. ILF has been showing support around 46.28 and resistance in the 48.64 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 47 covered call (IOK CK) for a net debit in the $43.78 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 8.37% downside protection and a 7.35% assigned return rate for a 20.65% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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