UltraShort Oil & Gas ProShares (DUG) 2/9/10 PriceWatch Alert Bullish Price Movement
Posted: Tuesday, February 09, 2010 8:27 AM EDT
By: Market Intelligence Center Staff
UltraShort Oil & Gas ProShares (PACF: DUG) closed yesterday at $14.06. So far DUG has hit a 52-week low of $11.22 and 52-week high of $35.78. DUG has been showing support around 13.31 and resistance in the 14.43 range. Technical indicators are Bullish. DUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 13 covered call for a net debit in the $11.91 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 15.29% downside protection and a 9.15% assigned return rate for a 21.14% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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