Ultra Dow30 ProShares (DDM) PriceWatch Alert Support Down To $27.14

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

Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $27.66. So far DDM has hit a 52-week low of $17.21 and 52-week high of $65.97. DDM has been showing support around 27.14 and resistance in the 28.58 range. Technical indicators are Neutral. DDM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 26 covered call (HXD JZ) for a net debit in the $24.16 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 12.65% downside protection and a 7.62% assigned return rate for a 26.99% 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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