iShares S&P SmallCap 600 Value Index Fund (IJS) 11/18/09 PriceWatch Alert Up To 4.73% Downside Protection
Posted: Wednesday, November 18, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $56.07. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 55.30 and resistance in the 56.76 range. Technical indicators are Bullish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 57 covered call (ISD BE) for a net debit in the $53.42 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 4.73% downside protection and a 6.70% assigned return rate for a 26.02% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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