iShares S&P 500 Value Index Fund (IVE) 11/18/09 PriceWatch Alert Targets 25.28% Return
Posted: Wednesday, November 18, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $52.93. 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 52.40 and resistance in the 53.24 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 $51.88 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 1.98% downside protection and a 4.09% assigned return rate for a 25.28% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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