PowerShares DB Silver Fund (DBS) 11/9/09 PriceWatch Alert With $29.35 Break Even
Posted: Monday, November 09, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) ended the last trading session at $31.05. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.10. DBS has been showing support around 30.63 and resistance in the 31.67 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (DBS AE) for a net debit in the $29.35 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 5.48% downside protection and a 5.62% assigned return rate for a 30.18% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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