iShares S&P SmallCap 600 Value Index Fund (IJS) 11/20/09 PriceWatch Alert With 4.47% Downside Protection
Posted: Friday, November 20, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $54.78. 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 53.53 and resistance in the 56.39 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 56 covered call (ISD BD) for a net debit in the $52.33 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.47% downside protection and a 7.01% assigned return rate for a 27.82% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (IJS) Stock ReportSee what our analysts have uncovered about (IJS).