Short Dow30 ProShares (DOG) 11/12/09 PriceWatch Alert With $51.11 Break Even
Posted: Thursday, November 12, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $53.36. So far DOG has hit a 52-week low of $53.11 and 52-week high of $93.13. DOG has been showing support around 52.85 and resistance in the 53.87 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 $51.11 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 4.22% downside protection and a 3.70% assigned return rate for a 13.50% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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