UltraShort Russell2000 ProShares (TWM) 11/13/09 PriceWatch Alert Up To 21.11% Downside Protection
Posted: Friday, November 13, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $29.84. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 27.71 and resistance in the 31.07 range. Technical indicators are Bullish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 26 covered call (TVF DZ) for a net debit in the $23.54 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 21.11% downside protection and a 10.45% assigned return rate for a 24.61% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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