UltraShort Dow30 ProShares (DXD) 11/11/09 PriceWatch Alert With $28.56 Break Even
Posted: Wednesday, November 11, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $30.91. So far DXD has hit a 52-week low of $30.87 and 52-week high of $102.48. DXD has been showing support around 30.63 and resistance in the 31.39 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 30 covered call (DOF AD) for a net debit in the $28.56 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 7.60% downside protection and a 5.04% assigned return rate for a 27.88% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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