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Potential Ultra Gold Proshares (UGL) Trade Targets 2.73% Return

Jun 13, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Proshares (<a href="">UGL</a>) could yield about 2.73% (15.38% annualized, for comparison purposes only) in 65 days. Pair a long position in the stock with the Aug 17, 2018 $39 call for a net debit of about $37.96. This position also has 3.43% downside protection. Ultra Gold Proshares closed at $39.31 Jun 12, 2018. Technical indicators for UGL are bearish and support and resistance have been about $38.97 and $39.73, respectively.A

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