iShares S&P GSTI Semicondtr. Idx. (IGW) 11/18/09 PriceWatch Alert Targets 4.32% Downside Protection
Posted: Wednesday, November 18, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) closed yesterday at $45.09. So far IGW has hit a 52-week low of $22.90 and 52-week high of $46.51. IGW has been showing support around 44.35 and resistance in the 45.49 range. Technical indicators are Bullish. IGW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 45 covered call (IGW AI) for a net debit in the $43.14 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 4.32% downside protection and a 4.31% assigned return rate for a 26.67% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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