iShares MSCI Hong Kong Index Fund (EWH) 10/30/09 PriceWatch Alert With $14.06 Break Even

Posted: Friday, October 30, 2009 8:22 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $15.81. 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 15.48 and resistance in the 16.12 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 $14.06 area. That is also the break even stock price for this trade. This covered call has a 232 day duration, provides 11.07% downside protection and a 6.69% assigned return rate for a 10.52% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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