UltraShort Semiconductors ProShares (SSG) 2/9/10 PriceWatch Alert Targets 19.58% Return
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
UltraShort Semiconductors ProShares (PACF: SSG) closed yesterday at $21.38. So far SSG has hit a 52-week low of $17.21 and 52-week high of $89.76. SSG has been showing support around 20.04 and resistance in the 22.36 range. Technical indicators are Bullish. SSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '10 20 covered call for a net debit in the $17.88 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 16.37% downside protection and an 11.86% assigned return rate for a 19.58% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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