SPDR S&P International Small Cap ETF (GWX) PriceWatch Alert With 5.40% Downside Protection
Posted: Tuesday, June 09, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR S&P International Small Cap ETF (NYSE: GWX) closed yesterday at $21.29. So far GWX has hit a 52-week low of $13.57 and 52-week high of $33.19. GWX has been showing support around 20.83 and resistance in the 21.65 range. Technical indicators are Bullish. GWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 21 covered call (GWX JU) for a net debit in the $20.14 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.40% downside protection and a 4.27% assigned return rate for an 11.99% 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]
CLICK HERE: FREE (GWX) Stock ReportSee what our analysts have uncovered about (GWX).