Any comments on FXI etf?

FXI is down to about $150, I bought it at 205!! My Jan 130 call is also battered.any suggestions please.Thinking of writing covered calls, not sure at what strike.Guess I am experiencing FEAR!!! thanks & regds

Answers

EthanR answered a question in Options.
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EthanR answered 2 years ago …

Rajan, I feel for you. I too own a China stock that has been beaten down. However, what struck me about your question, is the last line, "Guess I am experiencing FEAR!" Very often a person does not experience this until they are close to a bottom on a stock. Why? Because it takes awhile to go from hope to uh oh to oh my gosh to HELP!!!, and by then the stock is usually ready to turn up. In this case it's an ETF of a region that was really on fire for quite awhile, and has now cooled. But the fire may be back at any time, so hang in there.

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