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Powershares DB Gold (DGL) Trading Near $42.45 Support Level

Apr 17, 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 Oct 19, 2018 $42 covered call for a net debit in the $40.82 area. That is also the break-even stock price for the covered call. This trade will return 2.86%, or 5.65% annualized (for comparison purposes only), in 185 days. This covered call also provides 4.10% downside protection. The current 52-week low is $38.49 and the 52-week high is $43.28. Powershares DB Gold stock has been showing support around $42.45 and resistance in the $42.81 range. The stock closed Apr 16, 2018's trading session at $42.58.A

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