PowerShares DB Silver Fund (DBS) 11/17/09 PriceWatch Alert With 5.95% Downside Protection
Posted: Tuesday, November 17, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $32.79. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.97. DBS has been showing support around 31.39 and resistance in the 33.67 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 32 covered call (DBS AF) for a net debit in the $30.84 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 5.95% downside protection and a 3.76% assigned return rate for a 22.88% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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