UltraShort Semiconductors ProShares (SSG) 11/20/09 PriceWatch Alert Could Hit 19.93% Return
Posted: Friday, November 20, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
UltraShort Semiconductors ProShares (PCX: SSG) closed yesterday at $23.27. So far SSG has hit a 52-week low of $20.50 and 52-week high of $212.51. SSG has been showing support around 21.64 and resistance in the 24.64 range. Technical indicators are Bearish. SSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 20 covered call (SSG CD) for a net debit in the $18.77 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 19.34% downside protection and a 6.55% assigned return rate for a 19.93% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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