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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Resistance At $34.47

Jan 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 Mar 16, 2018 $33 covered call for a net debit in the $31.63 area. That is also the break-even stock price for the covered call. This trade will return 4.29%, or 24.90% annualized (for comparison purposes only), in 63 days. This covered call also provides 6.77% 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 $33.25 and resistance in the $34.47 range. The stock closed Jan 11, 2018's trading session at $33.93.A

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