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Potential Powershares DB Gold (DGL) Trade Has 3.52% Downside Protection

Oct 12, 2017 ( via COMTEX) --

For a hedged play on Powershares DB Gold (<a href="">DGL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $41 covered call for a net debit in the $39.70 area. That is also the break-even stock price for the covered call. This trade will return 3.24%, or 6.24% annualized (for comparison purposes only), in 190 days. This covered call also provides 3.52% downside protection. The current 52-week low is $36.22 and the 52-week high is $43.28. Powershares DB Gold stock has been showing support around $40.92 and resistance in the $41.34 range. The stock closed Oct 11, 2017's trading session at $41.15.A

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