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Proshares Ultra Silver (AGQ) Trading Near $38.68 Resistance Level

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>) could yield about 6.02% (33.84% annualized, for comparison purposes only) in 65 days. Pair a long position in the stock with the Nov 17, 2017 $38 call for a net debit of about $35.83. This position also has 6.39% downside protection. Proshares Ultra Silver closed at $38.29 Sep 12, 2017. Technical indicators for AGQ are bearish and support and resistance have been about $37.73 and $38.68, respectively.A

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