UltraShort Russell2000 ProShares (TWM) 11/19/09 PriceWatch Alert Targets 13.33% Downside Protection
Posted: Thursday, November 19, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $27.75. 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 27.18 and resistance in the 28.58 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 $24.05 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 13.33% downside protection and a 3.95% assigned return rate for a 24.86% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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