Ultra Dow30 ProShares (DDM) 11/9/09 PriceWatch Alert Could Hit 31.09% Return
Posted: Monday, November 09, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) ended the last trading session at $40.41. So far DDM has hit a 52-week low of $17.21 and 52-week high of $41.17. DDM has been showing support around 39.28 and resistance in the 41.12 range. Technical indicators are Bullish. DDM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 40 covered call (HXD AN) for a net debit in the $37.81 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 6.43% downside protection and a 5.79% assigned return rate for a 31.09% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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