iShares MSCI Singapore ETF (EWS) Covered Calls
The iShares MSCI Singapore ETF (EWS) is a passively managed exchange-traded fund that tracks the MSCI Singapore 25/50 Index. It provides targeted exposure to large- and mid-cap companies in the Singaporean equity market, which is heavily weighted toward financial services and industrials.
You can sell covered calls on iShares MSCI Singapore ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for EWS (prices last updated Mon 4:16 PM ET):
| iShares MSCI Singapore ETF (EWS) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 27.65 | +0.07 | 27.00 | 27.83 | 821K | - | 0.7 |
| Covered Calls For iShares MSCI Singapore ETF (EWS) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 28 | 0.35 | 27.48 | 1.3% | 25.0% | |
| May 15 | 28 | 0.70 | 27.13 | 2.6% | 20.2% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
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The iShares MSCI Singapore ETF (EWS) offers investors a focused way to gain exposure to the Singaporean economy. By holding a concentrated basket of Singaporean blue-chip companies, it allows for country-specific investment in a market known for its financial stability and business-friendly environment. Its portfolio is heavily dominated by major financial institutions and large-cap industrial firms.
Important Note on Options: EWS is functionally non-optionable. While exchange-listed options may technically appear in data feeds, the market is characterized by near-zero volume and open interest. Any attempt to use this ticker for options strategies—such as covered calls or protective puts—will result in immediate and significant loss of capital due to prohibitive bid-ask spreads. This fund should be treated strictly as a buy-and-hold equity position.
Competitive Landscape
Investors seeking liquid, optionable alternatives to express a view on international equities or to hedge regional exposure should utilize more liquid, industry-standard benchmarks:
- iShares MSCI EAFE ETF (EFA): The core, highly liquid, and optionable benchmark for developed international markets; it is the industry standard for institutional and retail hedging of international exposure.
- iShares MSCI Emerging Markets ETF (EEM): For broader Asian-Pacific or emerging market exposure, this provides the liquidity necessary for professional derivative strategies.
- SPDR S&P 500 ETF Trust (SPY): Traders often use core market liquidity to hedge overall international risk when specific country-level ETFs lack the options depth for strategy execution.
Strategic Outlook
EWS’s outlook is driven by the performance of the Singaporean financial sector, regional economic growth in Southeast Asia, and global trade demand. It serves as a specialized instrument for investors looking to overweight Singapore within their international equity allocation. It is not designed for tactical derivative management, but rather as a long-term strategic component of a globally diversified portfolio.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | QQQ covered calls | 1. | REPL covered calls | |
| 2. | EEM covered calls | 7. | GLD covered calls | 2. | BE covered calls | |
| 3. | NVDA covered calls | 8. | TLT covered calls | 3. | SGML covered calls | |
| 4. | KWEB covered calls | 9. | HYG covered calls | 4. | ONDS covered calls | |
| 5. | SPY covered calls | 10. | EWZ covered calls | 5. | NKE covered calls | |
Want more examples? EWQ Covered Calls | EWT Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
