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Potential Apex Silver Mines (SIL) Trade Has 6.33% Downside Protection

Feb 14, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>). Look at the Apr 20, 2018 $29 covered call for a net debit in the $28.07 area.<br /> <br /> This trade has a duration of 65 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.33% downside protection. If the stock closes at or above $29 at expiration this trade will return 3.31% or 18.60% (for comparison purposes only). <br /> <br /> SIL closed Feb 13, 2018's trading session at $29.96. In the past year, the stock has hit a 52-week low of $28.21 and 52-week high of $40.37. Apex Silver Mines stock has been showing support around $29.52 and resistance in the $30.38 range. Recent technical indicators for the stock are bearish.

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