EWM

Got another email with this info.
TRADE OF THE DAY: Emerging Market ETF Should Reward Long-term Investors
It looks like there will be higher prices ahead for long-term buyers of the iShares MSCI Malaysia Index Fund (EWM).
dailytrader@optionszone.com
Have a good day trading,
Sam CollinsEditor, Daily Trader's Alert

So I checked the options and was looking to do a calendar spread. Looking at the farthest out option I could buy and it was an April $9 contract and selling a near month October $9 call with a spread of $0.40. I couldn't believe it. The implied volatility of the October $9 call was so high it was almost the same price as the April $9 call. So I bought 100 April, 2010 $9 calls and sold 100 October, 2009 $9 calls for that spread. Total cost was $4,000. That allows me to garner only $0.08/month to break even. Yahoo!!!