Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --
For a hedged play on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 21, 2017 $35 covered call for a net debit in the $32.14 area. That is also the break-even stock price for the covered call. This trade will return 8.83%, or 26.19% annualized (for comparison purposes only), in 123 days. This covered call also provides 8.40% downside protection. The current 52-week low is $25.46 and the 52-week high is $54.34. Apex Silver Mines stock has been showing support around $34.35 and resistance in the $36.27 range. The stock closed Mar 17, 2017's trading session at $35.10.A
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