iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) 11/20/09 PriceWatch Alert With $39.77 Break Even
Posted: Friday, November 20, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Oil Equipment & Services Index Fund (PCX: IEZ) closed yesterday at $42.32. So far IEZ has hit a 52-week low of $21.57 and 52-week high of $47.03. IEZ has been showing support around 41.06 and resistance in the 44.30 range. Technical indicators are Bearish. IEZ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 42 covered call (IEZ AP) for a net debit in the $39.77 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 6.03% downside protection and a 5.61% assigned return rate for a 35.91% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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