iShares Russell Midcap Value Index (IWS) 11/20/09 PriceWatch Alert Up To 5.37% Downside Protection
Posted: Friday, November 20, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Value Index (PCX: IWS) closed yesterday at $35.41. So far IWS has hit a 52-week low of $19.41 and 52-week high of $36.82. IWS has been showing support around 34.88 and resistance in the 36.10 range. Technical indicators are Bullish. IWS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 35 covered call (IWS BI) for a net debit in the $33.51 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.37% downside protection and a 4.45% assigned return rate for a 17.64% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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