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Proshares Ultra Silver (AGQ) Trading Near $24.45 Resistance Level

Oct 12, 2018 (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 Mar 15, 2019 $23 covered call for a net debit in the $21.17 area. That is also the break-even stock price for the covered call. This trade will return 8.59%, or 20.36% annualized (for comparison purposes only), in 154 days. This covered call also provides 10.93% downside protection. The current 52-week low is $21.93 and the 52-week high is $36.55. Proshares Ultra Silver stock has been showing support around $23.03 and resistance in the $24.45 range. The stock closed Oct 11, 2018's trading session at $23.78.A

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