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Proshares Ultra Silver (AGQ) Trading Near $31.99 Resistance Level

Mar 09, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Proshares Ultra Silver (<a href="">AGQ</a>) could yield about 5.33% (27.81% annualized, for comparison purposes only) in 70 days. Pair a long position in the stock with the May 18, 2018 $31 call for a net debit of about $29.42. This position also has 7.24% downside protection. Proshares Ultra Silver closed at $31.72 Mar 8, 2018. Technical indicators for AGQ are bearish and support and resistance have been about $31.37 and $31.99, respectively.A

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