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Potential Ultra Gold Proshares (UGL) Trade Has 6.12% Downside Protection

Feb 13, 2018 (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 2.32% (12.87% annualized, for comparison purposes only) in 66 days. Pair a long position in the stock with the Apr 20, 2018 $40 call for a net debit of about $39.09. This position also has 6.12% downside protection. Ultra Gold Proshares closed at $41.63 Feb 12, 2018. Technical indicators for UGL are bearish and support and resistance have been about $41.09 and $42.13, respectively.A

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