UltraShort DJ-AIG Crude Oil ProShares (SCO) 2/9/10 PriceWatch Alert At $12.91 Break Even
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
UltraShort DJ-AIG Crude Oil ProShares (PACF: SCO) closed yesterday at $16.61. So far SCO has hit a 52-week low of $12.25 and 52-week high of $59.76. SCO has been showing support around 16.02 and resistance in the 17.30 range. Technical indicators are Bullish. SCO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 14 covered call for a net debit in the $12.91 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 22.28% downside protection and an 8.44% assigned return rate for a 19.50% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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