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Potential Purefunds ISE Junior Silver ETF (SILJ) Trade Has 9.76% Downside Protection

Apr 16, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Purefunds ISE Junior Silver ETF (<a href="http://www.marketintelligencecenter.com/symbol/SILJ">SILJ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 16, 2018 $11 covered call for a net debit in the $10.14 area. That is also the break-even stock price for the covered call. This trade will return 8.48%, or 14.46% annualized (for comparison purposes only), in 214 days. This covered call also provides 9.76% downside protection. The current 52-week low is $9.79 and the 52-week high is $13.93. Purefunds ISE Junior Silver ETF stock has been showing support around $10.97 and resistance in the $11.41 range. The stock closed Apr 13, 2018's trading session at $11.23.A

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