PowerShares DB Gold Fund (DGL) 11/13/09 PriceWatch Alert Up To 7.32% Downside Protection
Posted: Friday, November 13, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $39.62. So far DGL has hit a 52-week low of $25.99 and 52-week high of $40.19. DGL has been showing support around 39.27 and resistance in the 40.27 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.72 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 7.32% downside protection and a 3.49% assigned return rate for an 8.21% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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