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Potential Ultra Gold Proshares (UGL) Trade Targets 5% Return

Feb 11, 2019 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Ultra Gold Proshares (<a href="http://www.marketintelligencecenter.com/symbol/UGL">UGL</a>) could yield about 5% (11.55% annualized, for comparison purposes only) in 158 days. Pair a long position in the stock with the Jul 19, 2019 $38 call for a net debit of about $36.17. This position also has 6.92% downside protection. Ultra Gold Proshares closed at $38.88 Feb 8, 2019. Technical indicators for UGL are bearish and support and resistance have been about $38.66 and $39.10, respectively.A

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