iShares S&P MidCap 400 Index Fund (IJH) 11/13/09 PriceWatch Alert With $66.31 Break Even
Posted: Friday, November 13, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $69.11. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 68.06 and resistance in the 71.08 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 69 covered call (IAJ AQ) for a net debit in the $66.31 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 4.05% downside protection and a 4.06% assigned return rate for a 23.14% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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