PowerShares DB Oil Fund (DBO) PriceWatch Alert Neutral Price Movement

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

PowerShares DB Oil Fund (PCX: DBO) closed yesterday at $24.42. So far DBO has hit a 52-week low of $15.75 and 52-week high of $55.65. DBO has been showing support around 24.22 and resistance in the 24.72 range. Technical indicators are Neutral. DBO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 24 covered call (DNW AX) for a net debit in the $21.77 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 10.85% downside protection and a 10.24% assigned return rate for a 19.27% 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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