iShares S&P SmallCap 600 Value Index Fund (IJS) 11/16/09 PriceWatch Alert With 4.67% Downside Protection
Posted: Monday, November 16, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) ended the last trading session at $54.66. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 53.17 and resistance in the 55.71 range. Technical indicators are Neutral. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 56 covered call (ISD BD) for a net debit in the $52.11 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 4.67% downside protection and a 7.46% assigned return rate for a 28.38% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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