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Proshares Ultra Silver (AGQ) Showing Support Near $29.73

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 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 5.85% or 30.11% (for comparison purposes only), while providing 6.43% downside protection. The trade is a Feb 16, 2018 covered call at the $30 level for a net debit of about $28.33. 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 $29.73 and $30.83, respectively.

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