iShares Russell Microcap Index (IWC) 11/20/09 PriceWatch Alert Up To 13.05% Return

Posted: Friday, November 20, 2009 8:35 AM EDT

iShares Russell Microcap Index (PCX: IWC) closed yesterday at $36.66. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 35.89 and resistance in the 37.73 range. Technical indicators are Bearish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 35 covered call (IWG CI) for a net debit in the $33.56 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 8.46% downside protection and a 4.29% assigned return rate for a 13.05% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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