iShares MSCI Hong Kong Index Fund (EWH) 10/22/09 PriceWatch Alert Could Hit 14.09% Return

Posted: Thursday, October 22, 2009 8:31 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.33. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 16.10 and resistance in the 16.68 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 Mar '10 16 covered call (EWH CP) for a net debit in the $15.13 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 7.35% downside protection and a 5.75% assigned return rate for a 14.09% annualized return rate (comparison purposes only). [THA-Seven Summits Research]

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