Ultra Oil & Gas ProShares (DIG) PriceWatch Alert for November 12, 2009
Posted: Thursday, November 12, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $36.37. 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 35.24 and resistance in the 37.78 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 Jun '10 36 covered call (DPB FJ) for a net debit in the $29.77 area. That is also the break even stock price for this trade. This covered call has a 219 day duration, provides 18.15% downside protection and a 20.93% assigned return rate for a 34.88% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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