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Gold SPDR (GLD) Showing Support Near $117.79

May 19, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Gold SPDR (<a href="">GLD</a>) today after it closed at $118.80 on May 18, 2017. For more conservative investors, look at a covered call using the Aug 18, 2017 $118 call for a net debit of about $115.26. This trade will return 2.37% (9.53% annualized, for comparison purposes only) as long as the stock closes above $118 at expiration. Gold SPDRAcan fall 2.98% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 19, 2018 $99 call taking the place of the long stock position and the same short position in the Aug 18, 2017 $118 call. This trade only costs about $17.69 to get into and the rate of return increases to 7.34% (9.53% annualized, for comparison purposes only) but the downside protection falls to 1.77%.

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