PowerShares DB Silver Fund (DBS) 11/13/09 PriceWatch Alert Targets 6.34% Downside Protection
Posted: Friday, November 13, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $30.77. 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 30.40 and resistance in the 31.50 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 $28.82 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 6.34% downside protection and a 4.09% assigned return rate for a 23.35% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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