iShares S&P GSCI Commodity-Indexed (GSG) 11/13/09 PriceWatch Alert Could Hit 23.56% Return
Posted: Friday, November 13, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $31.57. So far GSG has hit a 52-week low of $21.85 and 52-week high of $34.72. GSG has been showing support around 31.15 and resistance in the 32.27 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 $29.77 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 5.70% downside protection and a 4.13% assigned return rate for a 23.56% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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