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Potential Proshares Ultra Silver (AGQ) Trade Has 6.35% Downside Protection

Oct 12, 2017 ( via COMTEX) --

After Oct 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 5.54% or 31.64% (for comparison purposes only), while providing 6.35% downside protection. The trade is a Dec 15, 2017 covered call at the $35 level for a net debit of about $33.15. 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 $34.56 and $35.90, respectively.

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