Short S&P500 ProShares (SH) 11/18/09 PriceWatch Alert At $50.64 Break Even
Posted: Wednesday, November 18, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Short S&P500 ProShares (PCX: SH) closed yesterday at $53.04. So far SH has hit a 52-week low of $52.87 and 52-week high of $105.44. SH has been showing support around 52.76 and resistance in the 53.58 range. Technical indicators are Bearish. SH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (QRS BA) for a net debit in the $50.64 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 4.52% downside protection and a 4.66% assigned return rate for an 18.10% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (SH) Stock ReportSee what our analysts have uncovered about (SH).