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Gold SPDR (GLD) Trading Near $121.73 Support Level

May 17, 2018 (Marketintelligencecenter.com 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="http://www.marketintelligencecenter.com/symbol/GLD">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.

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