iShares S&P 500 Value Index Fund (IVE) 11/17/09 PriceWatch Alert Targets 1.89% Downside Protection
Posted: Tuesday, November 17, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $52.90. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.19. IVE has been showing support around 52.19 and resistance in the 53.55 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 54 covered call (JOD AB) for a net debit in the $51.90 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 1.89% downside protection and a 4.05% assigned return rate for a 24.61% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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