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G-X Gold Explorers ETF (GOEX) Trading Near $18.57 Resistance Level

Dec 06, 2018 ( via COMTEX) --

For a hedged play on G-X Gold Explorers ETF (<a href="">GOEX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 19, 2019 $18 covered call for a net debit in the $16.73 area. That is also the break-even stock price for the covered call. This trade will return 7.58%, or 12.31% annualized (for comparison purposes only), in 225 days. This covered call also provides 7.20% downside protection. The current 52-week low is $17.51 and the 52-week high is $24.36. G-X Gold Explorers ETF stock has been showing support around $17.51 and resistance in the $18.57 range. The stock closed Dec 5, 2018's trading session at $18.03.A

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