Ultra Oil & Gas ProShares (DIG) 11/10/09 PriceWatch Alert Support At Around $35.52
Posted: Tuesday, November 10, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $36.28. 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 35.52 and resistance in the 36.80 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 35 covered call (DPB CG) for a net debit in the $31.08 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 14.33% downside protection and a 12.61% assigned return rate for a 35.41% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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