UltraShort Dow30 ProShares (DXD) 11/18/09 PriceWatch Alert Targets 25.59% Return
Posted: Wednesday, November 18, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $29.74. So far DXD has hit a 52-week low of $29.74 and 52-week high of $102.48. DXD has been showing support around 29.45 and resistance in the 30.33 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 an Apr '10 29 covered call (DOF DC) for a net debit in the $26.24 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 11.77% downside protection and a 10.52% assigned return rate for a 25.59% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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