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Pan American Silver (PAAS) Showing Bearish Technicals With Resistance At $15.99

Jan 03, 2018 ( via COMTEX) --

After Jan 2, 2018aEUR(TM)s trading in Pan American Silver (<a href="">PAAS</a>)'s option trade-picking algorithms uncovered a trade that offers a 8.30% or 15.30% (for comparison purposes only), while providing 12.34% downside protection. The trade is a Jul 20, 2018 covered call at the $15 level for a net debit of about $13.85. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $8 level. By buying the call for $7.50 instead of paying about $15.80 for the stock, the assigned return rate for this alternate trade is 26.12%, but the stock has to finish above $13.55 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $15.47 and $15.99, respectively.

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