Rochester,NY 8/10/2009 9:54:24 PM
iShares S&P 500 Index, IVV - iShares S&P 500 Index With Support Around $98.86
iShares S&P 500 Index
iShares S&P 500 Index was yesterday at $100.23 when closed. IVV has hit a 52-week low of $67.22 and 52-week high of $131.72 so far . IVV has been showing support around 98.86 and resistance in the 102.00 range. Technical indicators are Bullish.
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IVV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 100 covered call (ILD LV) for a net debit in the $94.73 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 5.49% downside protection and a 5.56% assigned return rate for a 15.15% annualized return rate.
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