iShares S&P 500 Value Index Fund (IVE) 11/10/09 PriceWatch Alert Up To 18.60% Return
Posted: Tuesday, November 10, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $52.20. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 50.93 and resistance in the 52.83 range. Technical indicators are Bullish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 53 covered call (JOD AA) for a net debit in the $51.25 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 1.82% downside protection and a 3.41% assigned return rate for an 18.60% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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