UltraShort Industrials ProShares (SIJ) PriceWatch Alert for February 9, 2010
Posted: Tuesday, February 09, 2010 8:36 AM EDT
By: Market Intelligence Center Staff
UltraShort Industrials ProShares (PACF: SIJ) closed yesterday at $26.29. So far SIJ has hit a 52-week low of $21.88 and 52-week high of $112.28. SIJ has been showing support around 24.89 and resistance in the 27.01 range. Technical indicators are Bullish. SIJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 25 covered call for a net debit in the $23.94 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 8.94% downside protection and a 4.43% assigned return rate for a 24.12% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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