Ultra Dow30 ProShares (DDM) 11/16/09 PriceWatch Alert Up To 32.28% Return
Posted: Monday, November 16, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) ended the last trading session at $42.45. 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 41.38 and resistance in the 43.24 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 42 covered call (HXD AP) for a net debit in the $39.85 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 6.12% downside protection and a 5.40% assigned return rate for a 32.28% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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