Short Russell2000 ProShares (RWM) 2/9/10 PriceWatch Alert Up To 6.62% Downside Protection
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
Short Russell2000 ProShares (PACF: RWM) closed yesterday at $46.80. So far RWM has hit a 52-week low of $42.50 and 52-week high of $91.05. RWM has been showing support around 45.85 and resistance in the 47.33 range. Technical indicators are Bullish. RWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 45 covered call for a net debit in the $43.70 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 6.62% downside protection and a 2.97% assigned return rate for a 16.21% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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