iShares S&P SmallCap 600 Index Fund (IJR) 11/13/09 PriceWatch Alert At $47.66 Break Even
Posted: Friday, November 13, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $50.96. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 49.89 and resistance in the 52.77 range. Technical indicators are Bearish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 50 covered call (IJO BX) for a net debit in the $47.66 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 6.48% downside protection and a 4.91% assigned return rate for an 18.10% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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