UltraShort Russell2000 ProShares (TWM) PriceWatch Alert for November 16, 2009
Posted: Monday, November 16, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) ended the last trading session at $29.25. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 28.17 and resistance in the 30.91 range. Technical indicators are Bearish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 26 covered call (TVF DZ) for a net debit in the $23.25 area. That is also the break even stock price for this trade. This covered call has a 152 day duration, provides 20.51% downside protection and an 11.83% assigned return rate for a 28.40% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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