iShares Russell Midcap Index Fund (IWR) 11/10/09 PriceWatch Alert Up To 9.44% Downside Protection
Posted: Tuesday, November 10, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) closed yesterday at $79.41. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 77.70 and resistance in the 80.28 range. Technical indicators are Bullish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 75 covered call (IWR EO) for a net debit in the $71.91 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 9.44% downside protection and a 4.30% assigned return rate for an 8.13% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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