Mar 21, 2017 (Marketintelligencecenter.com via COMTEX) --
A covered call identified by MarketIntelligececenter.com's patented algorithm on Ultra Gold Proshares (<a href="http://www.marketintelligencecenter.com/symbol/UGL">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
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