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Proshares Ultra Silver (AGQ) Showing Bearish Technicals With Support At $30.71

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

After Dec 1, 2017aEUR(TM)s trading in Proshares Ultra Silver (<a href="http://www.marketintelligencecenter.com/symbol/AGQ">AGQ</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 6.48% or 32% (for comparison purposes only), while providing 6.24% downside protection. The trade is a Feb 16, 2018 covered call at the $32 level for a net debit of about $30.03. 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 $30.71 and $33.17, respectively.

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