iShares S&P MidCap 400 Index Fund (IJH) 11/19/09 PriceWatch Alert Up To 3.96% Downside Protection
Posted: Thursday, November 19, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $70.65. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 69.99 and resistance in the 71.31 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 70 covered call (IAJ AR) for a net debit in the $67.85 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 3.96% downside protection and a 3.17% assigned return rate for a 19.94% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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