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Potential Physical Silver (SIVR) Trade Has 6.52% Downside Protection

May 15, 2018 ( via COMTEX) --

For a hedged play on Physical Silver (<a href="">SIVR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 21, 2018 $16 covered call for a net debit in the $15.02 area. That is also the break-even stock price for the covered call. This trade will return 6.45%, or 10.70% annualized (for comparison purposes only), in 220 days. This covered call also provides 6.52% downside protection. The current 52-week low is $14.92 and the 52-week high is $17.70. Physical Silver stock has been showing support around $15.97 and resistance in the $16.29 range. The stock closed May 14, 2018's trading session at $16.07.A

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