iShares MSCI Hong Kong Index Fund (EWH) 11/2/09 PriceWatch Alert Targets 9.98% Downside Protection

Posted: Monday, November 02, 2009 8:27 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) ended the last trading session at $15.53. 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 15.16 and resistance in the 16.10 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 $13.98 area. That is also the break even stock price for this trade. This covered call has a 229 day duration, provides 9.98% downside protection and a 7.30% assigned return rate for an 11.63% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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