Short Dow30 ProShares (DOG) 11/16/09 PriceWatch Alert With 4.12% Downside Protection
Posted: Monday, November 16, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) ended the last trading session at $53.46. 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 54.15 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 $51.26 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 4.12% downside protection and a 3.39% assigned return rate for a 12.91% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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