Ultra Dow30 ProShares (DDM) 11/10/09 PriceWatch Alert Up To 32.73% Return
Posted: Tuesday, November 10, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $42.02. So far DDM has hit a 52-week low of $17.21 and 52-week high of $42.05. DDM has been showing support around 40.41 and resistance in the 42.85 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 42 covered call (HXD AP) for a net debit in the $39.62 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.71% downside protection and a 6.01% assigned return rate for a 32.73% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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