PowerShares DB Base Metals Fund (DBB) 11/12/09 PriceWatch Alert Down To $17.94 Break Even
Posted: Thursday, November 12, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $19.89. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 19.58 and resistance in the 20.18 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 19 covered call (DBB DS) for a net debit in the $17.94 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 9.80% downside protection and a 5.91% assigned return rate for a 13.82% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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