Ultra Oil & Gas ProShares (DIG) 11/9/09 PriceWatch Alert Targets 16.00% Downside Protection
Posted: Monday, November 09, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) ended the last trading session at $35.00. 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 33.61 and resistance in the 36.31 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 $29.40 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 16.00% downside protection and a 12.24% assigned return rate for a 34.12% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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