UltraShort Financials ProShares (SKF) 11/6/09 PriceWatch Alert Up To 25.25% Return

Posted: Friday, November 06, 2009 8:28 AM EDT

UltraShort Financials ProShares (PCX: SKF) closed yesterday at $25.82. So far SKF has hit a 52-week low of $22.36 and 52-week high of $303.82. SKF has been showing support around 24.95 and resistance in the 27.49 range. Technical indicators are Bullish. SKF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 22 covered call (FFW AV) for a net debit in the $20.97 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 18.78% downside protection and a 4.91% assigned return rate for a 25.25% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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