Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Proshares Ultra Silver (AGQ) Trade Has 7.59% Downside Protection

Apr 17, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $32 covered call for a net debit in the $29.80 area. That is also the break-even stock price for the covered call. This trade will return 7.34%, or 28.52% annualized (for comparison purposes only), in 94 days. This covered call also provides 7.59% downside protection. The current 52-week low is $28.47 and the 52-week high is $42.79. Proshares Ultra Silver stock has been showing support around $31.91 and resistance in the $32.85 range. The stock closed Apr 16, 2018's trading session at $32.25.A

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 68.91
Nat Gas 2.742
Corn 387 2/8
Cotton #2 84.33
Gold 1328.4
Copper 3.1140
Euro 1.22560
USD Index 90.705
SP500 E-mini 2679.00
DJIA E-mini 24489
close_icon
open_icon