UltraShort Oil & Gas ProShares (DUG) 11/13/09 PriceWatch Alert Up To 21.76% Downside Protection
Posted: Friday, November 13, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
UltraShort Oil & Gas ProShares (PCX: DUG) closed yesterday at $12.87. So far DUG has hit a 52-week low of $11.54 and 52-week high of $50.18. DUG has been showing support around 12.10 and resistance in the 13.38 range. Technical indicators are Bearish. DUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 11 covered call (DZG DK) for a net debit in the $10.07 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 21.76% downside protection and a 9.24% assigned return rate for a 21.75% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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