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ProShares Ultra Silver

AGQ · Leveraged ETF · 2x SilverLeveraged ETF
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Market Data

AGQ Key Data

Symbol
AGQ
Name
ProShares Ultra Silver
Type
ETF
Sector
Leveraged ETF
Industry
2x Silver
Exchange
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Live Price
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52-Week High
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52-Week Low
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Market Cap
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Market Cap Tier
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CCL Score
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Strategy
Covered Calls
Access
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About

About AGQ

ProShares Ultra Silver is a publicly traded etf commonly used in covered call strategies to generate consistent income from existing positions.

Strategy

AGQ Covered Call Strategy

Covered calls on AGQ allow shareholders to collect premium income while holding the stock. The most common approach is selling out-of-the-money calls 30–45 days to expiration (DTE) to balance premium income with potential upside. If you own 100 shares of AGQ, you can sell 1 call contract per 100 shares to generate consistent monthly income.

Covered calls on AGQ cap your upside at the strike price but provide downside cushion equal to the premium received.
How It Works

How to Run a Covered Call on AGQ

01
Own 100 Shares
You must own at least 100 shares of AGQ to sell 1 covered call contract. Each options contract covers exactly 100 shares.
02
Choose Strike and Expiry
Select a call strike above the current AGQ price (OTM) and an expiry date. 30–45 DTE monthly cycles are most popular for income generation.
03
Sell the Call
Sell 1 call contract to collect the premium immediately. This income is yours regardless of what AGQ does next.
04
Manage at Expiry
If AGQ stays below your strike, the option expires worthless and you keep the premium. If it rises above, shares get called away at the strike.
FAQ

Frequently Asked Questions

Can I sell covered calls on AGQ?
Yes, AGQ has listed options. You need to own 100 shares per contract. Use our screener to find the best strikes and expiries based on your goals.
What strike should I choose for AGQ covered calls?
Most income traders choose strikes 2–10% above the current AGQ price (OTM), balancing premium income with allowing some upside.
What is the best expiry for AGQ covered calls?
Monthly options (30–45 DTE) have the best time-decay characteristics. Weekly options offer more flexibility but require more active management.
How much premium can I collect on AGQ covered calls?
Premium depends on AGQ's implied volatility, your chosen strike, and days to expiry. Higher IV means more premium.
What happens if AGQ rises above my strike?
Your shares get called away at the strike price. You keep the premium plus any gain from your cost basis to the strike. You can then buy shares back and repeat.
What is the CCL Score?
The CCL Score is CoveredCalls.live's proprietary ranking metric. It weights annualized return (45%), bid-ask spread quality (25%), downside protection (15%), and open interest/delta factors (15%).

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