iShares Dow Jones Transportation Average Index Fund (IYT) 11/20/09 PriceWatch Alert Could Hit 17.31% Return
Posted: Friday, November 20, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones Transportation Average Index Fund (PCX: IYT) closed yesterday at $70.93. So far IYT has hit a 52-week low of $38.28 and 52-week high of $73.57. IYT has been showing support around 69.56 and resistance in the 72.72 range. Technical indicators are Bullish. IYT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 70 covered call (IHB CR) for a net debit in the $66.23 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 6.63% downside protection and a 5.69% assigned return rate for a 17.31% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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