UltraShort Technology ProShares (REW) 11/19/09 PriceWatch Alert Up To 20.17% Return
Posted: Thursday, November 19, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
UltraShort Technology ProShares (PCX: REW) closed yesterday at $24.34. So far REW has hit a 52-week low of $24.06 and 52-week high of $160.95. REW has been showing support around 23.98 and resistance in the 24.74 range. Technical indicators are Bearish. REW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 22.50 covered call (REW FX) for a net debit in the $20.14 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 17.26% downside protection and an 11.72% assigned return rate for a 20.17% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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