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Potential Ultra Gold Proshares (UGL) Trade Targets 3.11% Return

Mar 07, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Proshares (<a href="">UGL</a>) could yield about 3.11% (15.80% annualized, for comparison purposes only) in 72 days. Pair a long position in the stock with the May 18, 2018 $42 call for a net debit of about $40.72. This position also has 3.77% downside protection. Ultra Gold Proshares closed at $42.33 Mar 6, 2018. Technical indicators for UGL are bearish and support and resistance have been about $41.82 and $42.70, respectively.A

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