SPDR S&P International Small Cap ETF (GWX) PriceWatch Alert Down To $20.05 Break Even
Posted: Monday, June 15, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR S&P International Small Cap ETF (PCX: GWX) ended the last trading session at $21.80. So far GWX has hit a 52-week low of $13.57 and 52-week high of $32.75. GWX has been showing support around 21.51 and resistance in the 22.05 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 $20.05 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 8.03% downside protection and a 4.74% assigned return rate for a 13.95% 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).