Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Purefunds ISE Junior Silver (<a href="http://www.marketintelligencecenter.com/symbol/SILJ">SILJ</a>). Look at the Aug 18, 2017 $12 covered call for a net debit in the $11.13 area.<br /> <br /> This trade has a duration of 151 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.90% downside protection. If the stock closes at or above $12 at expiration this trade will return 7.71% or 18.66% (for comparison purposes only). <br /> <br /> SILJ closed Mar 17, 2017's trading session at $12.77. In the past year, the stock has hit a 52-week low of $8.12 and 52-week high of $19.78. Purefunds ISE Junior Silver stock has been showing support around $12.44 and resistance in the $13.38 range. Recent technical indicators for the stock are bearish.
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