Ultra Oil & Gas ProShares (DIG) 11/6/09 PriceWatch Alert Targets 34.61% Return
Posted: Friday, November 06, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $35.18. So far DIG has hit a 52-week low of $16.93 and 52-week high of $39.61. DIG has been showing support around 33.63 and resistance in the 36.11 range. Technical indicators are Bullish. DIG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 33 covered call (DPB CI) for a net debit in the $29.28 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 16.77% downside protection and a 12.70% assigned return rate for a 34.61% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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