UltraShort QQQ ProShares (QID) PriceWatch Alert For 11/19/2009 - Covered Call Risk Ranking Declines to 3 Keys
Posted: Thursday, November 19, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
UltraShort QQQ ProShares (PCX: QID) closed yesterday at $20.49. So far the stock has hit a 52-week low of $20.24 and 52-week high of $102.60. The proprietary Key Risk Ranking for QID 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 9.26% return (22.68% 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. [THA-Seven Summits Research]
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