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Apex Silver Mines (SIL) Trading Near $30.38 Support Level

Dec 05, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="">SIL</a>). Look at the Apr 20, 2018 $30 covered call for a net debit in the $28.71 area.<br /> <br /> This trade has a duration of 136 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.20% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.49% or 12.05% (for comparison purposes only). <br /> <br /> SIL closed Dec 4, 2017's trading session at $30.61. In the past year, the stock has hit a 52-week low of $30.28 and 52-week high of $41.68. Apex Silver Mines stock has been showing support around $30.38 and resistance in the $30.96 range. Recent technical indicators for the stock are bearish.

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