Ultra Technology ProShares (ROM) 11/3/09 PriceWatch Alert With $37.38 Break Even

Posted: Tuesday, November 03, 2009 8:25 AM EDT

Ultra Technology ProShares (PCX: ROM) closed yesterday at $42.68. So far ROM has hit a 52-week low of $15.64 and 52-week high of $47.68. ROM has been showing support around 40.88 and resistance in the 44.32 range. Technical indicators are Bearish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (ROM BH) for a net debit in the $37.38 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 12.42% downside protection and a 7.01% assigned return rate for a 23.47% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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