UltraShort Dow30 ProShares (DXD) 11/19/09 PriceWatch Alert Up To 11.75% Downside Protection
Posted: Thursday, November 19, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $29.78. So far DXD has hit a 52-week low of $29.74 and 52-week high of $102.48. DXD has been showing support around 29.49 and resistance in the 30.29 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 29 covered call (DOF DC) for a net debit in the $26.28 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 11.75% downside protection and a 10.35% assigned return rate for a 25.35% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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