Ultra Basic Materials ProShares (UYM) PriceWatch Alert For 11/18/2009 - Covered Call Risk Ranking Declines to 3 Keys
Posted: Wednesday, November 18, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Ultra Basic Materials ProShares (PCX: UYM) closed yesterday at $32.73. So far the stock has hit a 52-week low of $7.85 and 52-week high of $32.75. The proprietary Key Risk Ranking for UYM has declined from a 4 KEY Low Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for a conservative covered call trade on this underlying stock with a targeted 16.41% return (32.38% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [WBA-Seven Summits Research]
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