UltraShort Oil & Gas ProShares (DUG) 10/27/09 PriceWatch Alert Up To 21.98% Downside Protection
Posted: Tuesday, October 27, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
UltraShort Oil & Gas ProShares (PCX: DUG) closed yesterday at $12.74. So far DUG has hit a 52-week low of $11.54 and 52-week high of $58.21. DUG has been showing support around 11.48 and resistance in the 13.46 range. Technical indicators are Bearish. DUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 11 covered call (DZG DK) for a net debit in the $9.94 area. That is also the break even stock price for this trade. This covered call has a 172 day duration, provides 21.98% downside protection and a 10.66% assigned return rate for a 22.63% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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