iShares Russell 3000 Index Fund (IWV) 11/20/09 PriceWatch Alert Targets 2.97% Downside Protection
Posted: Friday, November 20, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares Russell 3000 Index Fund (PCX: IWV) closed yesterday at $63.89. So far IWV has hit a 52-week low of $38.65 and 52-week high of $65.08. IWV has been showing support around 63.02 and resistance in the 64.78 range. Technical indicators are Bullish. IWV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 65 covered call (ILV BM) for a net debit in the $61.99 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 2.97% downside protection and a 4.86% assigned return rate for a 19.26% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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