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Potential iShares Silver Trust (SLV) Trade Has 9.19% Downside Protection

May 15, 2018 (Marketintelligencecenter.com via COMTEX) --

After May 14, 2018aEUR(TM)s trading in iShares Silver Trust (<a href="http://www.marketintelligencecenter.com/symbol/SLV">SLV</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 6.15% or 9.06% (for comparison purposes only), while providing 9.19% downside protection. The trade is a Jan 18, 2019 covered call at the $15 level for a net debit of about $14.13. 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 $15.43 and $15.78, respectively.

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