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Potential Ultra Gold Proshares (UGL) Trade Targets 2.24% Return

Mar 08, 2018 ( via COMTEX) --

After Mar 7, 2018aEUR(TM)s trading in Ultra Gold Proshares (<a href="">UGL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.24% or 19.05% (for comparison purposes only), while providing 3.60% downside protection. The trade is a Apr 20, 2018 covered call at the $41 level for a net debit of about $40.10. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $41.05 and $42.37, respectively.

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