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Proshares Ultra Silver (AGQ) Trading Near $33.97 Support Level

Nov 28, 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 $34 covered call for a net debit in the $32.56 area.<br /> <br /> This trade has a duration of 52 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.51% downside protection. If the stock closes at or above $34 at expiration this trade will return 4.42% or 31.04% (for comparison purposes only). <br /> <br /> AGQ closed Nov 27, 2017's trading session at $34.45. 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 $33.97 and resistance in the $35.27 range. Recent technical indicators for the stock are bearish.

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