Short Russell2000 ProShares (RWM) 11/3/09 PriceWatch Alert Up To 4.57% Return

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

Short Russell2000 ProShares (PCX: RWM) closed yesterday at $49.89. So far RWM has hit a 52-week low of $45.06 and 52-week high of $126.12. RWM has been showing support around 48.30 and resistance in the 51.46 range. Technical indicators are Bullish. RWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 45 covered call (RWM DI) for a net debit in the $44.09 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 11.63% downside protection and a 2.06% assigned return rate for a 4.57% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (RWM)