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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Resistance At $33.23

Jun 12, 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 Aug 17, 2018 $32 covered call for a net debit in the $30.59 area. That is also the break-even stock price for the covered call. This trade will return 4.57%, or 25.30% annualized (for comparison purposes only), in 66 days. This covered call also provides 6.99% downside protection. The current 52-week low is $28.47 and the 52-week high is $39.51. Proshares Ultra Silver stock has been showing support around $32.43 and resistance in the $33.23 range. The stock closed Jun 11, 2018's trading session at $32.90.A

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