Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Ultra Gold Proshares (UGL) Trade Has 3.08% Downside Protection

Mar 21, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Proshares (<a href="">UGL</a>) could yield about 2.35% (26.80% annualized, for comparison purposes only) in 32 days. Pair a long position in the stock with the Apr 21, 2017 $37 call for a net debit of about $36.14. This position also has 3.08% downside protection. Ultra Gold Proshares closed at $37.28 Mar 17, 2017. Technical indicators for UGL are bearish and support and resistance have been about $37.12 and $37.66, respectively.A

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 48.14
Nat Gas 3.081
Corn 356 2/8
Cotton #2 77.47
Gold 1243.3
Copper 2.6395
Euro 1.08425
USD Index 99.442
SP500 E-mini 2342.75
DJIA E-mini 20575