Ise-Revere Natural Gas Idx (AMEX: FCG) closed Thursday's trading session at $19.44. In the past year, the ETF has hit a 52-week low of $6.57 and 52-week high of $19.48. FCG has been showing support around $19.31 and resistance in the $19.55 range. Technical indicators for the ETF are Bullish. For a hedged play on this ETF, look at the Jun '11 $19.00 covered call for a net debit in the $17.99 area. That is also the break-even price for this trade. This covered call has a duration of 173 days, provides 7.46% downside protection and an assigned return rate of 5.61% for an annualized return rate of 11.85% (for comparison purposes only). FCG does not pay a distribution at this time. [ABR-Seven Summits Research]
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