Short Dow30 ProShares (DOG) 11/10/09 PriceWatch Alert With $51.42 Break Even
Posted: Tuesday, November 10, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $53.77. So far DOG has hit a 52-week low of $53.74 and 52-week high of $93.13. DOG has been showing support around 53.19 and resistance in the 54.87 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 53 covered call (DOG BV) for a net debit in the $51.42 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 4.37% downside protection and a 3.07% assigned return rate for an 11.00% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (DOG) Stock ReportSee what our analysts have uncovered about (DOG).