UltraShort Russell2000 ProShares (TWM) PriceWatch Alert Targets 43.37% Return

Posted: Monday, July 06, 2009 8:07 AM EDT

UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $43.92. So far TWM has hit a 52-week low of $38.82 and 52-week high of $180.64. TWM has been showing support around 41.77 and resistance in the 45.41 range. Technical indicators are Bearish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 42 covered call (TWJ JP) for a net debit in the $37.42 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 14.80% downside protection and a 12.24% assigned return rate for a 43.37% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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