UltraShort Dow30 ProShares (DXD) PriceWatch Alert At $44.46 Break Even

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

UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $49.76. So far DXD has hit a 52-week low of $43.83 and 52-week high of $111.09. DXD has been showing support around 48.23 and resistance in the 50.59 range. Technical indicators are Neutral. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 49 covered call (DXD JW) for a net debit in the $44.46 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 10.65% downside protection and a 10.21% assigned return rate for a 36.19% 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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