Ultra Dow30 ProShares (DDM) 11/13/09 PriceWatch Alert With 7.17% Downside Protection
Posted: Friday, November 13, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $41.85. 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 40.84 and resistance in the 43.38 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 41 covered call (HXD AO) for a net debit in the $38.85 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 7.17% downside protection and a 5.53% assigned return rate for a 31.56% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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