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Gold SPDR (GLD) Trading Near $117.42 Resistance Level

Mar 20, 2017 ( via COMTEX) --

Gold SPDR (<a href="">GLD</a>) closed Mar 17, 2017 at $116.98 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Gold SPDR for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 19, 2018 $90 call and a short position in the Jun 16, 2017 $116 call for a net debit of about $24.94. This trade has an assigned return of 4.20% and 1.74% downside protection. For more a more conservative play, look at a covered call using the Jun 16, 2017 $116 call for a $24.94 net debit. This trade has an assigned return of 2.33% but the downside protection increases to 3.10%. Over the last 52 weeks the stock has traded between $107 and $131.15.A

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