UltraShort Dow30 ProShares (DXD) 11/13/09 PriceWatch Alert Targets 11.55% Downside Protection
Posted: Friday, November 13, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $31.18. So far DXD has hit a 52-week low of $30.35 and 52-week high of $102.48. DXD has been showing support around 30.11 and resistance in the 31.93 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 31 covered call (DOF DE) for a net debit in the $27.58 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 11.55% downside protection and a 12.40% assigned return rate for a 29.20% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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