UltraShort Russell2000 ProShares (TWM) 11/3/09 PriceWatch Alert Up To 29.28% Return

Posted: Tuesday, November 03, 2009 8:43 AM EDT

UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $32.21. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 30.14 and resistance in the 34.26 range. Technical indicators are Bullish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 29 covered call (TVF DC) for a net debit in the $25.61 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 20.49% downside protection and a 13.24% assigned return rate for a 29.28% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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