PowerShares DB Gold Fund (DGL) 11/18/09 PriceWatch Alert Could Hit 9.88% Return
Posted: Wednesday, November 18, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $40.99. So far DGL has hit a 52-week low of $27.07 and 52-week high of $41.04. DGL has been showing support around 40.50 and resistance in the 41.28 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 40 covered call (DGL DL) for a net debit in the $38.44 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 6.22% downside protection and a 4.06% assigned return rate for a 9.88% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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