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Potential MAG Silver Corp (MAG) Trade Targets 9.43% Return

Mar 20, 2017 ( via COMTEX) --

After Mar 17, 2017aEUR(TM)s trading in MAG Silver Corp (<a href="">MAG</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 9.43% or 22.85% (for comparison purposes only), while providing 18.25% downside protection. The trade is a Aug 18, 2017 covered call at the $12.50 level for a net debit of about $11.41. 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 $13.30 and $15.10, respectively.

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