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Potential Apex Silver Mines (SIL) Trade Targets 3.02% Return

Mar 09, 2018 ( via COMTEX) --

After Mar 8, 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 3.02% or 26.26% (for comparison purposes only), while providing 3.63% downside protection. The trade is a Apr 20, 2018 covered call at the $30 level for a net debit of about $29.11. 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 $29.81 and $30.43, respectively.

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