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Potential Apex Silver Mines (SIL) Trade Targets 3.78% Return

Feb 12, 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 20, 2018 $28 covered call for a net debit in the $26.98 area. That is also the break-even stock price for the covered call. This trade will return 3.78%, or 20.57% annualized (for comparison purposes only), in 67 days. This covered call also provides 6.25% downside protection. The current 52-week low is $28.21 and the 52-week high is $40.74. Apex Silver Mines stock has been showing support around $27.56 and resistance in the $30.08 range. The stock closed Feb 9, 2018's trading session at $28.78.A

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