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Potential iShares Silver Trust (SLV) Trade Could Hit 6% Return

Jun 11, 2018 ( via COMTEX) --

After Jun 8, 2018aEUR(TM)s trading in iShares Silver Trust (<a href="">SLV</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 6% or 9.92% (for comparison purposes only), while providing 7.33% downside protection. The trade is a Jan 18, 2019 covered call at the $15.50 level for a net debit of about $14.59. 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 $15.67 and $15.89, respectively.

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