iShares Dow Jones U.S. Financial Sector Index Fund (IYF) 11/20/09 PriceWatch Alert Up To 24.03% Return
Posted: Friday, November 20, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Financial Sector Index Fund (PCX: IYF) closed yesterday at $52.13. So far IYF has hit a 52-week low of $23.15 and 52-week high of $55.34. IYF has been showing support around 51.46 and resistance in the 53.06 range. Technical indicators are Bullish. IYF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 52 covered call (IYF BZ) for a net debit in the $49.03 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.95% downside protection and a 6.06% assigned return rate for a 24.03% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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