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Potential Ultra Gold Proshares (UGL) Trade Could Hit 2.60% Return

Dec 01, 2017 ( via COMTEX) --

After Nov 30, 2017aEUR(TM)s trading in Ultra Gold Proshares (<a href="">UGL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.60% or 19.40% (for comparison purposes only), while providing 2.68% downside protection. The trade is a Jan 19, 2018 covered call at the $39 level for a net debit of about $38.01. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $38.54 and $39.66, respectively.

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