Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with iShares MSCI Turkey Invest Market Index (AAXJ) that should provide a 2.72% return in just 206 days.
Buy one Mar. '15 call at the $65.00 level for each 100 shares of iShares MSCI All Country Asia Ex Jpn Idx for a net debit per share of $63.28. That net debit also serves as the breakeven point for this trade, giving it 4.02% downside protection.
AAXJ has found support around $65.72 lately with resistance near the $66.06 level. AAXJ closed Monday at $65.93 after trading between $65.78 and $65.95. In the past year, the fund has hit a 52-week low of $53.19 and 52-week high of $66.21.