PowerShares DB Oil Fund (DBO) 11/13/09 PriceWatch Alert Targets 25.83% Return
Posted: Friday, November 13, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Oil Fund (PCX: DBO) closed yesterday at $27.28. So far DBO has hit a 52-week low of $15.75 and 52-week high of $28.59. DBO has been showing support around 26.81 and resistance in the 28.05 range. Technical indicators are Bullish. DBO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 27 covered call (DNW AA) for a net debit in the $25.83 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 5.32% downside protection and a 4.53% assigned return rate for a 25.83% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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