Ultra Technology ProShares (ROM) 11/11/09 PriceWatch Alert Up To 11.24% Downside Protection
Posted: Wednesday, November 11, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $47.15. So far ROM has hit a 52-week low of $15.64 and 52-week high of $47.68. ROM has been showing support around 46.33 and resistance in the 47.97 range. Technical indicators are Bullish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 45 covered call (ROM BI) for a net debit in the $41.85 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 11.24% downside protection and a 7.53% assigned return rate for a 27.20% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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