UltraShort Russell2000 ProShares (TWM) 11/20/09 PriceWatch Alert Up To 27.17% Return
Posted: Friday, November 20, 2009 8:08 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $29.22. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 27.66 and resistance in the 30.40 range. Technical indicators are Bearish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 26 covered call (TVF DZ) for a net debit in the $23.42 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 19.85% downside protection and an 11.02% assigned return rate for a 27.17% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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