PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/9/09 PriceWatch Alert Up To 7.03% Downside Protection
Posted: Monday, November 09, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) ended the last trading session at $23.48. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.44. PGJ has been showing support around 22.92 and resistance in the 23.82 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 23 covered call (PGJ CW) for a net debit in the $21.83 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.03% downside protection and a 5.36% assigned return rate for a 14.93% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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