Mar 17, 2017 (Marketintelligencecenter.com via COMTEX) --
For a hedged play on Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 21, 2017 $37 covered call for a net debit in the $35.81 area. That is also the break-even stock price for the covered call. This trade will return 3.32%, or 34.65% annualized (for comparison purposes only), in 35 days. This covered call also provides 4.14% downside protection. The current 52-week low is $30.20 and the 52-week high is $57.26. Proshares Ultra Silver stock has been showing support around $36.48 and resistance in the $38.60 range. The stock closed Mar 16, 2017's trading session at $37.36.A
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