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G-X Gold Explorers ETF (GOEX) Trading Near $22.93 Resistance Level

Jun 13, 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 Jan 18, 2019 $22 covered call for a net debit in the $21.01 area. That is also the break-even stock price for the covered call. This trade will return 4.71%, or 7.85% annualized (for comparison purposes only), in 219 days. This covered call also provides 7.28% downside protection. The current 52-week low is $20.08 and the 52-week high is $25.21. G-X Gold Explorers ETF stock has been showing support around $22.53 and resistance in the $22.93 range. The stock closed Jun 12, 2018's trading session at $22.65.A

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