Direxion Daily Large Cap Bear 3X Shares (BGZ) 2/9/10 PriceWatch Alert At $15.54 Break Even
Posted: Tuesday, February 09, 2010 8:36 AM EDT
By: Market Intelligence Center Staff
Direxion Daily Large Cap Bear 3X Shares (PACF: BGZ) closed yesterday at $19.54. So far BGZ has hit a 52-week low of $15.44 and 52-week high of $119.00. BGZ has been showing support around 18.48 and resistance in the 20.08 range. Technical indicators are Bullish. BGZ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 17 covered call for a net debit in the $15.54 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 20.47% downside protection and a 9.40% assigned return rate for a 21.70% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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