Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

Potential Powershares DB Gold (DGL) Trade Has 4.19% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>). Look at the Jul 20, 2018 $40 covered call for a net debit in the $38.84 area.<br /> <br /> This trade has a duration of 227 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.19% downside protection. If the stock closes at or above $40 at expiration this trade will return 2.96% or 4.75% (for comparison purposes only). <br /> <br /> DGL closed Dec 4, 2017's trading session at $40.54. In the past year, the stock has hit a 52-week low of $36.22 and 52-week high of $43.28. Powershares DB Gold stock has been showing support around $40.46 and resistance in the $40.61 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, Marketintelligencecenter.com. 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 57.53
Nat Gas 2.709
Corn 348 6/8
Cotton #2 73.67
Gold 1243.4
Copper 3.0535
Euro 1.17495
USD Index 93.990
SP500 E-mini 2668.50
DJIA E-mini 24560
close_icon
open_icon