UltraShort Oil & Gas ProShares (DUG) 11/9/09 PriceWatch Alert Targets 21.95% Return
Posted: Monday, November 09, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
UltraShort Oil & Gas ProShares (PCX: DUG) ended the last trading session at $12.84. So far DUG has hit a 52-week low of $11.54 and 52-week high of $50.18. DUG has been showing support around 12.38 and resistance in the 13.34 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 $10.04 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 21.81% downside protection and a 9.56% assigned return rate for a 21.95% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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