UltraShort MSCI EAFE ProShares (EFU) 11/20/09 PriceWatch Alert Could Hit 27.52% Return
Posted: Friday, November 20, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
UltraShort MSCI EAFE ProShares (PCX: EFU) closed yesterday at $39.30. So far EFU has hit a 52-week low of $36.79 and 52-week high of $198.98. EFU has been showing support around 38.37 and resistance in the 40.39 range. Technical indicators are Bearish. EFU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 37 covered call (FWU BK) for a net debit in the $34.60 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 11.96% downside protection and a 6.94% assigned return rate for a 27.52% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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