Short Russell2000 ProShares (RWM) 11/10/09 PriceWatch Alert Could Hit 14.41% Return
Posted: Tuesday, November 10, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Short Russell2000 ProShares (PCX: RWM) closed yesterday at $47.14. 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 46.71 and resistance in the 47.99 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 a Jan '10 45 covered call (RWM AI) for a net debit in the $43.84 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 7.00% downside protection and a 2.65% assigned return rate for a 14.41% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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