Rochester,NY 8/18/2009 1:16:13 AM
ProShares UltraShort Basic Materls, SMN - UltraShort Basic Materials ProShares Returns upto 18.66%
ProShares UltraShort Basic Materls
UltraShort Basic Materials ProShares with $14.63 closed yesterday. Now SMN has hit a 52-week low of $14.42 and 52-week high of $133.58. SMN showed support around 14.06 and resistance in the 15.34 range. Technical indicators are Bearish.
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SMN appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 12 covered call (NOU AL) for a net debit in the $11.03 area. That is also the break even stock price for this trade. This covered call has a 172 day duration, provides 24.61% downside protection and an 8.79% assigned return rate for an 18.66% annualized return rate
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