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Proshares Ultra Silver (AGQ) Trading Near $33.88 Support Level

Nov 10, 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 $34 covered call for a net debit in the $32.10 area.<br /> <br /> This trade has a duration of 70 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.68% downside protection. If the stock closes at or above $34 at expiration this trade will return 5.88% or 30.69% (for comparison purposes only). <br /> <br /> AGQ closed Nov 9, 2017's trading session at $34.40. In the past year, the stock has hit a 52-week low of $28.47 and 52-week high of $45.54. Proshares Ultra Silver stock has been showing support around $33.88 and resistance in the $34.82 range. Recent technical indicators for the stock are bearish.

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