iShares S&P 500 Value Index Fund (IVE) 11/13/09 PriceWatch Alert Targets 2.12% Downside Protection
Posted: Friday, November 13, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $51.96. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 51.28 and resistance in the 53.04 range. Technical indicators are Bullish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 53 covered call (JOD AA) for a net debit in the $50.86 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 2.12% downside protection and a 4.21% assigned return rate for a 24.00% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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