PowerShares DB Silver Fund (DBS) 11/11/09 PriceWatch Alert At $28.87 Break Even
Posted: Wednesday, November 11, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $30.97. 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 30.43 and resistance in the 31.53 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 30 covered call (DBS AD) for a net debit in the $28.87 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 6.78% downside protection and a 3.91% assigned return rate for a 21.65% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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