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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Support At $33.96

Jan 09, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Proshares Ultra Silver (<a href="">AGQ</a>). Look at the Feb 16, 2018 $34 covered call for a net debit in the $32.88 area.<br /> <br /> This trade has a duration of 38 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.77% downside protection. If the stock closes at or above $34 at expiration this trade will return 3.40% or 32.71% (for comparison purposes only). <br /> <br /> AGQ closed Jan 8, 2018's trading session at $34.52. In the past year, the stock has hit a 52-week low of $28.47 and 52-week high of $42.82. Proshares Ultra Silver stock has been showing support around $33.96 and resistance in the $34.96 range. Recent technical indicators for the stock are bearish.

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