Short Russell2000 ProShares (RWM) 11/9/09 PriceWatch Alert With 10.38% Downside Protection
Posted: Monday, November 09, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Short Russell2000 ProShares (PCX: RWM) ended the last trading session at $48.18. 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 47.21 and resistance in the 49.33 range. Technical indicators are Bearish. 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 $43.18 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 10.38% downside protection and a 4.21% assigned return rate for a 9.68% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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