iShares S&P 500 Value Index Fund (IVE) 11/20/09 PriceWatch Alert With $51.13 Break Even
Posted: Friday, November 20, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $52.33. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.19. IVE has been showing support around 51.64 and resistance in the 53.10 range. Technical indicators are Bullish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 53 covered call (JOD AA) for a net debit in the $51.13 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 2.29% downside protection and a 3.66% assigned return rate for a 23.42% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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