iShares COMEX Gold Trust (PCX: IAU) ended the last trading session at $93.76. So far IAU has hit a 52-week low of $68.90 and 52-week high of $99.06. IAU has been showing support around 93.05 and resistance in the 95.05 range. Technical indicators are Bullish. IAU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 90 covered call (IAU AZ) for a net debit in the $85.96 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 8.32% downside protection and a 4.70% assigned return rate for a 10.79% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo

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