Ultra Dow30 ProShares (DDM) 11/18/09 PriceWatch Alert Support Down To $42.98
Posted: Wednesday, November 18, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $43.85. So far DDM has hit a 52-week low of $17.21 and 52-week high of $43.87. DDM has been showing support around 42.98 and resistance in the 44.30 range. Technical indicators are Bullish. DDM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 43 covered call (HXD AQ) for a net debit in the $41.10 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 6.27% downside protection and a 4.62% assigned return rate for a 28.60% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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