UltraShort Russell2000 ProShares (TWM) 11/18/09 PriceWatch Alert Down To $24.00 Break Even
Posted: Wednesday, November 18, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $27.70. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 27.12 and resistance in the 28.46 range. Technical indicators are Bearish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 25 covered call (TVF AY) for a net debit in the $24.00 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 13.36% downside protection and a 4.17% assigned return rate for a 25.78% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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