Ultra Financials ProShares (UYG) PriceWatch Alert Up To 21.72% Return

Posted on Friday, September 05, 2008 8:07 AM

Ultra Financials ProShares (AMEX: UYG) closed yesterday at $20.81. So far UYG has hit a 52-week low of $14.08 and 52-week high of $62.95. UYG has been showing support around 19.55 and resistance in the 23.09 range. Technical indicators are Bullish. UYG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '08 15 covered call (UYG LO) for a net debit in the $14.11 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 32.20% downside protection and a 6.31% assigned return rate for a 21.72% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]