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G-X Nasdaq China Tech ETF (QQQC) Trading Near $30.48 Resistance Level

Feb 09, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on G-X Nasdaq China Tech ETF (<a href="">QQQC</a>) could yield about 3.97% (11.50% annualized, for comparison purposes only) in 126 days. Pair a long position in the stock with the Jun 15, 2018 $28 call for a net debit of about $26.92. This position also has 6.59% downside protection. G-X Nasdaq China Tech ETF closed at $28.82 Feb 8, 2018. Technical indicators for QQQC are bearish and support and resistance have been about $27.95 and $30.48, respectively.A

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