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Potential Ultra Gold Proshares (UGL) Trade Targets 2.25% Return

May 17, 2018 (Marketintelligencecenter.com via COMTEX) --

After May 16, 2018aEUR(TM)s trading in Ultra Gold Proshares (<a href="http://www.marketintelligencecenter.com/symbol/UGL">UGL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.25% or 28.38% (for comparison purposes only), while providing 2.30% downside protection. The trade is a Jun 15, 2018 covered call at the $39 level for a net debit of about $38.14. 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 $38.71 and $39.43, respectively.

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