Ultra Technology ProShares (ROM) 11/12/09 PriceWatch Alert Down To $42.13 Break Even
Posted: Thursday, November 12, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $47.83. So far ROM has hit a 52-week low of $15.64 and 52-week high of $48.19. ROM has been showing support around 46.92 and resistance in the 48.64 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 $42.13 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 11.92% downside protection and a 6.81% assigned return rate for a 24.86% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (ROM) Stock ReportSee what our analysts have uncovered about (ROM).