Ultra Basic Materials ProShares (UYM) PriceWatch Alert - Calendar Spread Risk Ranking Improves to 3 Keys
Posted: Friday, November 13, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Ultra Basic Materials ProShares (PCX: UYM) closed yesterday at $30.01. So far the stock has hit a 52-week low of $7.85 and 52-week high of $31.50. The proprietary Key Risk Ranking for UYM has improved from a 2 KEY Considerable Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 8.76% return (32.00% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [FBB-Seven Summits Research]
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