Short Dow30 ProShares (DOG) PriceWatch Alert for November 13, 2009
Posted: Friday, November 13, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $53.86. So far DOG has hit a 52-week low of $53.11 and 52-week high of $93.13. DOG has been showing support around 52.95 and resistance in the 54.47 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (DOG BV) for a net debit in the $51.51 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 4.36% downside protection and a 2.89% assigned return rate for a 10.66% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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