iShares S&P GSCI Commodity-Indexed (GSG) 11/11/09 PriceWatch Alert Up To 5.94% Downside Protection
Posted: Wednesday, November 11, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $31.97. So far GSG has hit a 52-week low of $21.85 and 52-week high of $35.53. GSG has been showing support around 31.09 and resistance in the 32.81 range. Technical indicators are Bullish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (GSV AE) for a net debit in the $30.07 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 5.94% downside protection and a 3.09% assigned return rate for a 17.10% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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