iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert Up To 18.28% Downside Protection

Thursday, December 11, 2008 8:07 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $10.94. So far EWH has hit a 52-week low of $8.36 and 52-week high of $23.14. EWH has been showing support around 10.74 and resistance in the 11.18 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '09 10 covered call (EWH FB) for a net debit in the $8.94 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 18.28% downside protection and an 11.86% assigned return rate for a 22.66% 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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