UltraShort 7-10 Year Treasury ProShares (PST) 2/9/10 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
UltraShort 7-10 Year Treasury ProShares (PACF: PST) closed yesterday at $50.89. So far PST has hit a 52-week low of $49.76 and 52-week high of $60.81. PST has been showing support around 50.70 and resistance in the 51.16 range. Technical indicators are Bearish. PST appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 50 covered call for a net debit in the $48.49 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 4.72% downside protection and a 3.11% assigned return rate for a 7.19% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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