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Ultra Gold Proshares (UGL) Showing Support Near $40.51

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Ultra Gold Proshares (<a href="">UGL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $41 covered call for a net debit in the $39.90 area. That is also the break-even stock price for the covered call. This trade will return 2.73%, or 14.24% annualized (for comparison purposes only), in 70 days. This covered call also provides 3.50% downside protection. The current 52-week low is $35.47 and the 52-week high is $44.38. Ultra Gold Proshares stock has been showing support around $40.51 and resistance in the $42.01 range. The stock closed Feb 8, 2018's trading session at $41.36.A

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