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Powershares DB Gold (DGL) Trading Near $41.46 Support Level

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Powershares DB Gold (<a href="">DGL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $41 covered call for a net debit in the $40.06 area. That is also the break-even stock price for the covered call. This trade will return 2.34%, or 4.32% annualized (for comparison purposes only), in 198 days. This covered call also provides 4.18% downside protection. The current 52-week low is $36.96 and the 52-week high is $43.28. Powershares DB Gold stock has been showing support around $41.46 and resistance in the $42.04 range. The stock closed Jan 2, 2018's trading session at $41.81.A

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