Ultra Technology ProShares (ROM) 11/17/09 PriceWatch Alert With $42.93 Break Even
Posted: Tuesday, November 17, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $49.23. So far ROM has hit a 52-week low of $15.64 and 52-week high of $49.59. ROM has been showing support around 47.92 and resistance in the 50.24 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 $42.93 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 12.80% downside protection and a 4.82% assigned return rate for an 18.53% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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