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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Resistance At $33.13

Jun 08, 2018 ( via COMTEX) --

After Jun 7, 2018aEUR(TM)s trading in Proshares Ultra Silver (<a href="">AGQ</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.81% or 24.50% (for comparison purposes only), while providing 5.78% downside protection. The trade is a Jul 20, 2018 covered call at the $31 level for a net debit of about $30.14. 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 $31.29 and $33.13, respectively.

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