Short Dow30 ProShares (DOG) 11/9/09 PriceWatch Alert Could Hit 10.82% Return
Posted: Monday, November 09, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) ended the last trading session at $54.85. So far DOG has hit a 52-week low of $54.55 and 52-week high of $93.13. DOG has been showing support around 54.39 and resistance in the 55.63 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 54 covered call (DOG BS) for a net debit in the $52.40 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 4.47% downside protection and a 3.05% assigned return rate for a 10.82% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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