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 6.12% Downside Protection

Feb 13, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Proshares (<a href="">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

(C) Copyright 2018, 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 62.21
Nat Gas 2.635
Corn 368 2/8
Cotton #2 77.35
Gold 1343.4
Copper 3.1935
Euro 1.24090
USD Index 89.250
SP500 E-mini 2728.25
DJIA E-mini 25159