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Pan American Silver (PAAS) Showing Bearish Technicals With Resistance At $14.71

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center Aare highlighting two trades on Pan American Silver (<a href="http://www.marketintelligencecenter.com/symbol/PAAS">PAAS</a>) today after it closed at $14.38 on Dec 6, 2017. For more conservative investors, look at a covered call using the Apr 20, 2018 $14 call for a net debit of about $13.03. This trade will return 7.44% (20.27% annualized, for comparison purposes only) as long as the stock closes above $14 at expiration. Pan American Silver can fall 9.38% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $8 call taking the place of the long stock position and the same short position in the Apr 20, 2018 $14 call. This trade only costs about $4.80 to get into and the rate of return increases to 24.99% (20.27% annualized, for comparison purposes only) but the downside protection falls to 10.98%.

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