UltraShort Technology ProShares (REW) 2/9/10 PriceWatch Alert Up To 11.30% Downside Protection
Posted: Tuesday, February 09, 2010 8:29 AM EDT
By: Market Intelligence Center Staff
UltraShort Technology ProShares (PACF: REW) closed yesterday at $26.10. So far REW has hit a 52-week low of $21.55 and 52-week high of $94.70. REW has been showing support around 25.18 and resistance in the 26.58 range. Technical indicators are Bullish. REW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 25 covered call for a net debit in the $23.15 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 11.30% downside protection and a 7.99% assigned return rate for a 22.44% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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