Ultra Basic Materials ProShares (UYM) PriceWatch Alert For 11/20/2009 - Covered Call Risk Ranking Improves to 4 Keys
Posted: Friday, November 20, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Ultra Basic Materials ProShares (PCX: UYM) closed yesterday at $31.25. So far the stock has hit a 52-week low of $7.85 and 52-week high of $33.12. The proprietary Key Risk Ranking for UYM has improved from a 3 KEY Moderate Relative Risk to a 4 KEY Low 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 7.36% return (29.18% 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. [FBB-Seven Summits Research]
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