iShares MSCI Hong Kong Index Fund (EWH) 11/4/09 PriceWatch Alert Targets 9.92% Downside Protection

Posted: Wednesday, November 04, 2009 8:19 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $15.63. 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 15.36 and resistance in the 15.76 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 $14.08 area. That is also the break even stock price for this trade. This covered call has a 227 day duration, provides 9.92% downside protection and a 6.53% assigned return rate for a 10.51% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]

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