UltraShort Russell2000 ProShares (TWM) 11/6/09 PriceWatch Alert Targets 28.16% Return
Posted: Friday, November 06, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $30.10. 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 28.95 and resistance in the 32.11 range. Technical indicators are Neutral. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 27 covered call (TVF DA) for a net debit in the $24.00 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 20.27% downside protection and a 12.50% assigned return rate for a 28.16% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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