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Potential iShares Silver Trust (SLV) Trade Has 7.18% Downside Protection

Jun 08, 2018 ( via COMTEX) --

After Jun 7, 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 6.23% or 10.16% (for comparison purposes only), while providing 7.18% downside protection. The trade is a Jan 18, 2019 covered call at the $15.50 level for a net debit of about $14.58. 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 $15.54 and $16, respectively.

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