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Potential Proshares Ultra Silver (AGQ) Trade Has 6% Downside Protection

Dec 06, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Proshares Ultra Silver (<a href="">AGQ</a>). Look at the Jan 19, 2018 $30 covered call for a net debit in the $28.95 area.<br /> <br /> This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 6% downside protection. If the stock closes at or above $30 at expiration this trade will return 3.59% or 29.79% (for comparison purposes only). <br /> <br /> AGQ closed Dec 5, 2017's trading session at $30.80. In the past year, the stock has hit a 52-week low of $28.47 and 52-week high of $42.82. Proshares Ultra Silver stock has been showing support around $30.14 and resistance in the $31.44 range. Recent technical indicators for the stock are bearish.

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