FXI - Open Position


Written on February 6, 2009 – 6:08 pm | by admin

Yesterday I initiated a position in FXI (China ETF).  I have done this as China is showing good relative strength compared to our markets.  While the economic numbers from China are of questionable integrity, their own stimulus package may help take them from the bottom.  This position is way below my normal percent return requirements and I could have just as easily sold the puts but I am more comfortable initiating a position this way.

Buy: 100 @ $27.19 ($0 commission)
Initial Investment: $2719.00
Sold: $24 strike @ $3.50 ( $5 commission)
Net Investment: $2374.00
Expected Return: 0.89% (11.17% annually)

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