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Ultra Gold Proshares (UGL) Trading Near $38.84 Support Level

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Ultra Gold Proshares (<a href="http://www.marketintelligencecenter.com/symbol/UGL">UGL</a>) could yield about 2.52% (20.46% annualized, for comparison purposes only) in 45 days. Pair a long position in the stock with the Jan 19, 2018 $39 call for a net debit of about $38.04. This position also has 2.68% downside protection. Ultra Gold Proshares closed at $39.09 Dec 4, 2017. Technical indicators for UGL are bearish and support and resistance have been about $38.84 and $39.24, respectively.A

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