Ultra Technology ProShares (ROM) 11/13/09 PriceWatch Alert At $41.95 Break Even
Posted: Friday, November 13, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $47.35. So far ROM has hit a 52-week low of $15.64 and 52-week high of $48.36. ROM has been showing support around 46.40 and resistance in the 48.84 range. Technical indicators are Bullish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 45 covered call (ROM BI) for a net debit in the $41.95 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 11.40% downside protection and a 7.27% assigned return rate for a 26.81% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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