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Potential Apex Silver Mines (SIL) Trade Could Hit 4.26% Return

Oct 11, 2018 (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 Apr 18, 2019 $23 covered call for a net debit in the $22.05 area. That is also the break-even stock price for the covered call. This trade will return 4.26%, or 8.22% annualized (for comparison purposes only), in 189 days. This covered call also provides 6.76% downside protection. The current 52-week low is $22.70 and the 52-week high is $34.71. Apex Silver Mines stock has been showing support around $23.14 and resistance in the $24.06 range. The stock closed Oct 10, 2018's trading session at $23.65.A

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