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Proshares Ultra Silver (AGQ) Trading Near $31.41 Resistance Level

May 17, 2018 ( via COMTEX) --

For a hedged play on Proshares Ultra Silver (<a href="">AGQ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $30 covered call for a net debit in the $28.64 area. That is also the break-even stock price for the covered call. This trade will return 4.74%, or 27.08% annualized (for comparison purposes only), in 64 days. This covered call also provides 7.13% downside protection. The current 52-week low is $28.47 and the 52-week high is $39.51. Proshares Ultra Silver stock has been showing support around $30.25 and resistance in the $31.41 range. The stock closed May 16, 2018's trading session at $30.84.A

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