UltraShort Russell2000 ProShares (TWM) 11/17/09 PriceWatch Alert Support At Around $26.36
Posted: Tuesday, November 17, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $27.63. 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 26.36 and resistance in the 29.46 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 a Jan '10 25 covered call (TVF AY) for a net debit in the $23.93 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 13.39% downside protection and a 4.47% assigned return rate for a 27.20% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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