iShares S&P SmallCap 600 Value Index Fund (IJS) 11/10/09 PriceWatch Alert Targets 5.16% Downside Protection
Posted: Tuesday, November 10, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $55.19. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 54.20 and resistance in the 55.74 range. Technical indicators are Bullish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 56 covered call (ISD BD) for a net debit in the $52.34 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 5.16% downside protection and a 6.99% assigned return rate for a 25.02% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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