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Gold SPDR (GLD) Showing Support Near $121.79

May 16, 2018 ( via COMTEX) --

A covered call identified by's patented algorithms on Gold SPDR (<a href="">GLD</a>) could yield about 2.79% (7.97% annualized, for comparison purposes only) in 128 days. Pair a long position in the stock with the Sep 21, 2018 $122 call for a net debit of about $118.68. This position also has 3.10% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $109 call for a net debit of about $12.24. While this trade has a higher yield at 6.12%, the downside protection falls to 3.10%. Gold SPDR closed at $122.48 May 15, 2018. Technical indicators for GLD are bearish and support and resistance have been about $121.79 and $123.17, respectively.A

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