UltraShort Real Estate ProShares (SRS) PriceWatch Alert Targets 19.71% Return
Posted: Wednesday, July 29, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
UltraShort Real Estate ProShares (PCX: SRS) closed yesterday at $16.17. So far SRS has hit a 52-week low of $15.90 and 52-week high of $295.72. SRS has been showing support around 15.67 and resistance in the 16.81 range. Technical indicators are Bearish. SRS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 11 covered call (SKW AK) for a net debit in the $10.07 area. That is also the break even stock price for this trade. This covered call has a 171 day duration, provides 37.72% downside protection and a 9.24% assigned return rate for a 19.71% 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]
CLICK HERE: FREE (SRS) Stock ReportSee what our analysts have uncovered about (SRS).