Ultra Dow30 ProShares (DDM) 11/12/09 PriceWatch Alert Could Hit 28.96% Return
Posted: Thursday, November 12, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $42.64. So far DDM has hit a 52-week low of $17.21 and 52-week high of $43.03. DDM has been showing support around 41.82 and resistance in the 43.44 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 $39.94 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 6.33% downside protection and a 5.16% assigned return rate for a 28.96% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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