Ultra Oil & Gas ProShares (DIG) 11/19/09 PriceWatch Alert Support At Around $35.54
Posted: Thursday, November 19, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $36.62. 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 35.54 and resistance in the 37.80 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 Jun '10 36 covered call (DPB FJ) for a net debit in the $30.22 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 17.48% downside protection and a 19.13% assigned return rate for a 32.93% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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