Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Gold SPDR (GLD) Trading Near $121.73 Support Level

May 17, 2018 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Sep 21, 2018 $122 call for a couple of hedged-trading ideas on Gold SPDR (<a href="">GLD</a>). A traditional covered call on Gold SPDR yields 2.83% (8.13% annualized, for comparison purposes only) and provides 2.98% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 18, 2019 $108 call and then selling the Sep 21, 2018 $122 call for a net debit of $13.14. This trade has a potential return of 6.46% (8.13% annualized, for comparison purposes only), but also carries a greater potential for losses.

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 71.61
Nat Gas 2.818
Corn 407
Cotton #2 84.58
Gold 1281.2
Copper 3.0780
Euro 1.17465
USD Index 93.925
SP500 E-mini 2725.00
DJIA E-mini 24916