UltraShort Dow30 ProShares (DXD) 11/17/09 PriceWatch Alert With $27.71 Break Even
Posted: Tuesday, November 17, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $29.96. So far DXD has hit a 52-week low of $29.78 and 52-week high of $102.48. DXD has been showing support around 29.37 and resistance in the 30.79 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 29 covered call (DOF AC) for a net debit in the $27.71 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 7.51% downside protection and a 4.66% assigned return rate for a 28.32% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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