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Ultra S&P 500 Proshares (SSO) Trading Near $89.17 Support Level

Jun 19, 2017 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Aug 18, 2017 $90 call for a couple of hedged-trading ideas on Ultra S&P 500 Proshares (<a href="">SSO</a>). A traditional covered call on Ultra S&P 500 Proshares yields 2.66% (16.23% annualized, for comparison purposes only) and provides 2.85% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 19, 2018 $62 call and then selling the Aug 18, 2017 $90 call for a net debit of $26.91. This trade has a potential return of 4.04% (16.23% annualized, for comparison purposes only), but also carries a greater potential for losses.

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