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Potential Proshares Ultra Silver (AGQ) Trade Has 6.95% Downside Protection

Jun 05, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Proshares Ultra Silver (<a href="">AGQ</a>). Look at the Aug 17, 2018 $30 covered call for a net debit in the $28.78 area.<br /> <br /> This trade has a duration of 73 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.95% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.23% or 21.19% (for comparison purposes only). <br /> <br /> AGQ closed Jun 4, 2018's trading session at $30.93. In the past year, the stock has hit a 52-week low of $28.47 and 52-week high of $39.51. Proshares Ultra Silver stock has been showing support around $30.56 and resistance in the $31.62 range. Recent technical indicators for the stock are bearish.

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