PowerShares DB Silver Fund (DBS) 11/20/09 PriceWatch Alert Up To 8.43% Downside Protection
Posted: Friday, November 20, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $33.20. So far DBS has hit a 52-week low of $14.81 and 52-week high of $33.60. DBS has been showing support around 32.19 and resistance in the 33.71 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 33 covered call (DBS DG) for a net debit in the $30.40 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 8.43% downside protection and an 8.55% assigned return rate for a 21.09% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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