PowerShares DB Base Metals Fund (DBB) 11/19/09 PriceWatch Alert With $18.74 Break Even
Posted: Thursday, November 19, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $20.74. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.95. DBB has been showing support around 20.41 and resistance in the 21.11 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 20 covered call (DBB DT) for a net debit in the $18.74 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 9.64% downside protection and a 6.72% assigned return rate for a 16.47% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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