NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
India is on a growth trajectory. How can investors participate in the country's growth story without burning up their cash in the myriad complexities of the world's largest democracy?
Investors in iShares India 50 ETF saw new options begin trading this week, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 238 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Tuesday, shares of the iShares India 50 ETF crossed below their 200 day moving average of $28.76, changing hands as low as $28.52 per share. iShares India 50 shares are currently trading down about 1.6% on the day.
In trading on Monday, shares of the iShares India 50 ETF entered into oversold territory, changing hands as low as $29.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.