iShares S&P 500 Growth Index Fund (IVW) 11/13/09 PriceWatch Alert Targets 4.42% Downside Protection
Posted: Friday, November 13, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $56.61. So far IVW has hit a 52-week low of $36.02 and 52-week high of $57.43. IVW has been showing support around 55.89 and resistance in the 57.67 range. Technical indicators are Bullish. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 57 covered call (IVW CE) for a net debit in the $54.11 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 4.42% downside protection and a 5.34% assigned return rate for a 15.35% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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