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Potential Ultra Gold Proshares (UGL) Trade Targets 3.21% Return

Jul 12, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ultra Gold Proshares (<a href="">UGL</a>). Look at the Oct 19, 2018 $35 covered call for a net debit in the $33.91 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.70% downside protection. If the stock closes at or above $35 at expiration this trade will return 3.21% or 11.85% (for comparison purposes only). <br /> <br /> UGL closed Jul 11, 2018's trading session at $35.95. In the past year, the stock has hit a 52-week low of $35.79 and 52-week high of $44.38. Ultra Gold Proshares stock has been showing support around $35.58 and resistance in the $36.66 range. Recent technical indicators for the stock are bearish.

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