Short Russell2000 ProShares (RWM) 11/18/09 PriceWatch Alert With 5.51% Downside Protection
Posted: Wednesday, November 18, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
Short Russell2000 ProShares (PCX: RWM) closed yesterday at $46.28. So far RWM has hit a 52-week low of $45.06 and 52-week high of $126.12. RWM has been showing support around 45.83 and resistance in the 46.91 range. Technical indicators are Bearish. RWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 45 covered call (RWM AI) for a net debit in the $43.73 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 5.51% downside protection and a 2.90% assigned return rate for a 17.97% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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