iShares Russell Microcap Index (IWC) 11/17/09 PriceWatch Alert Could Hit 10.26% Return
Posted: Tuesday, November 17, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PCX: IWC) closed yesterday at $37.53. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 36.36 and resistance in the 38.40 range. Technical indicators are Bullish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 35 covered call (IWG CI) for a net debit in the $33.83 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 9.86% downside protection and a 3.46% assigned return rate for a 10.26% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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