Short Dow30 ProShares (DOG) PriceWatch Alert Shows Neutral Technicals

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

Short Dow30 ProShares (PCX: DOG) closed yesterday at $67.81. So far DOG has hit a 52-week low of $63.52 and 52-week high of $93.78. DOG has been showing support around 66.70 and resistance in the 68.38 range. Technical indicators are Neutral. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 67 covered call (DOG BO) for a net debit in the $63.81 area. That is also the break even stock price for this trade. This covered call has a 229 day duration, provides 5.90% downside protection and a 5.00% assigned return rate for a 7.97% 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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