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Potential Apex Silver Mines (SIL) Trade Has 5.12% Downside Protection

Apr 16, 2018 ( via COMTEX) --

After Apr 13, 2018aEUR(TM)s trading in Apex Silver Mines (<a href="">SIL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 4.83% or 18.57% (for comparison purposes only), while providing 5.12% downside protection. The trade is a Jul 20, 2018 covered call at the $31 level for a net debit of about $29.57. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $30.94 and $31.46, respectively.

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