iShares S&P Latin America 40 Index (ILF) 11/16/09 PriceWatch Alert With $43.54 Break Even
Posted: Monday, November 16, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) ended the last trading session at $47.24. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.33. ILF has been showing support around 45.74 and resistance in the 48.10 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 47 covered call (IOK CK) for a net debit in the $43.54 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 7.83% downside protection and a 7.95% assigned return rate for a 23.39% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (ILF) Stock ReportSee what our analysts have uncovered about (ILF).