Ultra Oil & Gas ProShares (DIG) 11/17/09 PriceWatch Alert At $32.02 Break Even
Posted: Tuesday, November 17, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $37.02. 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 35.29 and resistance in the 38.29 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 36 covered call (DPB CJ) for a net debit in the $32.02 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 13.51% downside protection and a 12.43% assigned return rate for a 36.88% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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