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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Resistance At $31.96

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Proshares Ultra Silver (<a href="">AGQ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $31 covered call for a net debit in the $29.39 area. That is also the break-even stock price for the covered call. This trade will return 5.47%, or 28.56% annualized (for comparison purposes only), in 70 days. This covered call also provides 6.52% downside protection. The current 52-week low is $28.47 and the 52-week high is $42.82. Proshares Ultra Silver stock has been showing support around $31.02 and resistance in the $31.96 range. The stock closed Feb 8, 2018's trading session at $31.44.A

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