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Potential Pan American Silver (PAAS) Trade Could Hit 6.68% Return

Mar 14, 2018 ( via COMTEX) --

After Mar 13, 2018aEUR(TM)s trading in Pan American Silver (<a href="">PAAS</a>)'s option trade-picking algorithms uncovered a trade that offers a 6.68% or 19.06% (for comparison purposes only), while providing 11.62% downside protection. The trade is a Jul 20, 2018 covered call at the $15 level for a net debit of about $14.06. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $5 level. By buying the call for $10.90 instead of paying about $15.90 for the stock, the assigned return rate for this alternate trade is 10.49%, but the stock has to finish above $14.05 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $15.59 and $16.13, respectively.

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