Short S&P500 ProShares (SH) 11/20/09 PriceWatch Alert Could Hit 14.27% Return
Posted: Friday, November 20, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Short S&P500 ProShares (PCX: SH) closed yesterday at $53.76. So far SH has hit a 52-week low of $52.87 and 52-week high of $105.44. SH has been showing support around 53.09 and resistance in the 54.43 range. Technical indicators are Bearish. SH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (QRS BA) for a net debit in the $51.16 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.84% downside protection and a 3.60% assigned return rate for a 14.27% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (SH) Stock ReportSee what our analysts have uncovered about (SH).