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Proshares Ultra Silver (AGQ) Trading Near $23.39 Resistance Level

Oct 11, 2018 ( via COMTEX) --

After Oct 10, 2018aEUR(TM)s trading in Proshares Ultra Silver (<a href="">AGQ</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 7.68% or 18.09% (for comparison purposes only), while providing 11.09% downside protection. The trade is a Mar 15, 2019 covered call at the $22 level for a net debit of about $20.42. 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 $22.59 and $23.39, respectively.

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