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Gold SPDR (GLD) Showing Bearish Technicals With Support At $125.27

Feb 14, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>) today after it closed at $126.08 on Feb 13, 2018. For more conservative investors, look at a covered call using the Apr 20, 2018 $126 call for a net debit of about $123.12. This trade will return 2.33% (13.13% annualized, for comparison purposes only) as long as the stock closes above $126 at expiration. Gold SPDRAcan fall 2.34% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $85 call taking the place of the long stock position and the same short position in the Apr 20, 2018 $126 call. This trade only costs about $39.98 to get into and the rate of return increases to 2.52% (13.13% annualized, for comparison purposes only) but the downside protection falls to 0.86%.

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