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Proshares Ultra Silver (AGQ) Showing Resistance Near $32.85

Feb 07, 2018 (Marketintelligencecenter.com via COMTEX) --

After Feb 6, 2018aEUR(TM)s trading in Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 6.17% or 31.28% (for comparison purposes only), while providing 6.65% downside protection. The trade is a Apr 20, 2018 covered call at the $32 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 $31.97 and $32.85, respectively.

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