PowerShares DB Silver Fund (DBS) PriceWatch Alert At $22.38 Break Even
Posted: Friday, June 26, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $25.18. So far DBS has hit a 52-week low of $14.81 and 52-week high of $35.69. DBS has been showing support around 24.94 and resistance in the 25.30 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 25 covered call (DBS AY) for a net debit in the $22.38 area. That is also the break even stock price for this trade. This covered call has a 204 day duration, provides 11.12% downside protection and an 11.71% assigned return rate for a 20.95% 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]
CLICK HERE: FREE (DBS) Stock ReportSee what our analysts have uncovered about (DBS).