Ultra Dow30 ProShares (DDM) PriceWatch Alert for November 11, 2009
Posted: Wednesday, November 11, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $42.28. So far DDM has hit a 52-week low of $17.21 and 52-week high of $42.36. DDM has been showing support around 41.61 and resistance in the 42.69 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 $39.83 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 5.79% downside protection and a 5.45% assigned return rate for a 30.13% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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