UltraShort Euro ProShares (EUO) 2/9/10 PriceWatch Alert Up To 8.31% Downside Protection
Posted: Tuesday, February 09, 2010 8:47 AM EDT
By: Market Intelligence Center Staff
UltraShort Euro ProShares (PACF: EUO) closed yesterday at $20.46. So far EUO has hit a 52-week low of $16.20 and 52-week high of $25.80. EUO has been showing support around 20.21 and resistance in the 20.61 range. Technical indicators are Bullish. EUO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Aug '10 20 covered call for a net debit in the $18.76 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 8.31% downside protection and a 6.61% assigned return rate for a 12.50% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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