iShares S&P GSTI Semicondtr. Idx. (IGW) 11/19/09 PriceWatch Alert With 13.86% Downside Protection
Posted: Thursday, November 19, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) closed yesterday at $44.73. 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 44.07 and resistance in the 45.47 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 an Apr '10 40 covered call (IGW DH) for a net debit in the $38.53 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 13.86% downside protection and a 3.82% assigned return rate for a 9.35% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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