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Proshares Ultra Silver (AGQ) Trading Near $38.77 Resistance Level

Sep 12, 2017 ( via COMTEX) --

After Sep 11, 2017aEUR(TM)s trading in Proshares Ultra Silver (<a href="">AGQ</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.55% or 34.14% (for comparison purposes only), while providing 5.55% downside protection. The trade is a Oct 20, 2017 covered call at the $37 level for a net debit of about $35.72. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $37.29 and $38.77, respectively.

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