Ultra Silver ProShares (AGQ) 2/9/10 PriceWatch Alert Up To 20.14% Downside Protection
Posted: Tuesday, February 09, 2010 8:35 AM EDT
By: Market Intelligence Center Staff
Ultra Silver ProShares (PACF: AGQ) closed yesterday at $43.70. So far AGQ has hit a 52-week low of $32.01 and 52-week high of $75.57. AGQ has been showing support around 42.37 and resistance in the 45.75 range. Technical indicators are Bearish. AGQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $34.90 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 20.14% downside protection and a 14.61% assigned return rate for a 41.03% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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