PowerShares DB Oil Fund (DBO) 11/9/09 PriceWatch Alert With 5.66% Downside Protection
Posted: Monday, November 09, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Oil Fund (PCX: DBO) ended the last trading session at $27.37. So far DBO has hit a 52-week low of $15.75 and 52-week high of $28.59. DBO has been showing support around 26.71 and resistance in the 28.03 range. Technical indicators are Bullish. DBO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 27 covered call (DNW AA) for a net debit in the $25.82 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 5.66% downside protection and a 4.57% assigned return rate for a 24.53% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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