Ultra Oil & Gas ProShares (DIG) 11/16/09 PriceWatch Alert Targets 33.81% Return
Posted: Monday, November 16, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) ended the last trading session at $35.20. 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 33.59 and resistance in the 36.57 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 Mar '10 33 covered call (DPB CI) for a net debit in the $29.60 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 15.91% downside protection and an 11.49% assigned return rate for a 33.81% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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