PowerShares DB Oil Fund (DBO) 11/19/09 PriceWatch Alert Up To 4.79% Downside Protection
Posted: Thursday, November 19, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Oil Fund (PCX: DBO) closed yesterday at $28.19. So far DBO has hit a 52-week low of $15.75 and 52-week high of $28.59. DBO has been showing support around 27.69 and resistance in the 28.59 range. Technical indicators are Bullish. DBO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 28 covered call (DNW AB) for a net debit in the $26.84 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 4.79% downside protection and a 4.32% assigned return rate for a 27.20% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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