PowerShares DB Silver Fund (DBS) PriceWatch Alert Up To 22.45% Return

Posted: Monday, July 06, 2009 8:07 AM EDT

PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $23.93. 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 23.83 and resistance in the 24.13 range. Technical indicators are Bearish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 23 covered call (DBS JW) for a net debit in the $21.63 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 9.61% downside protection and a 6.33% assigned return rate for a 22.45% 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]

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