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Proshares Ultra Silver (AGQ) Trading Near $33.40 Support Level

Nov 07, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>). Look at the Jan 19, 2018 $35 covered call for a net debit in the $33.09 area.<br /> <br /> This trade has a duration of 73 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.49% downside protection. If the stock closes at or above $35 at expiration this trade will return 5.77% or 28.86% (for comparison purposes only). <br /> <br /> AGQ closed Nov 6, 2017's trading session at $35.38. In the past year, the stock has hit a 52-week low of $28.47 and 52-week high of $45.94. Proshares Ultra Silver stock has been showing support around $33.40 and resistance in the $36.42 range. Recent technical indicators for the stock are bearish.

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