iShares MSCI Hong Kong Index Fund (EWH) 10/29/09 PriceWatch Alert With 10.31% Downside Protection

Posted: Thursday, October 29, 2009 8:20 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $15.52. 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 15.25 and resistance in the 15.93 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 '10 15 covered call (EWH FK) for a net debit in the $13.92 area. That is also the break even stock price for this trade. This covered call has a 233 day duration, provides 10.31% downside protection and a 7.76% assigned return rate for a 12.15% annualized return rate (comparison purposes only). [THA-Seven Summits Research]

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