Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

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

Dec 05, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Proshares (<a href="">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

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.61
Nat Gas 2.742
Corn 348 2/8
Cotton #2 75.87
Gold 1262.7
Copper 3.1260
Euro 1.18035
USD Index 93.115
SP500 E-mini 2692.50
DJIA E-mini 24833