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Gold SPDR (GLD) Trading Near $122.34 Support Level

Jun 13, 2018 ( 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 $122.81 on Jun 12, 2018. For more conservative investors, look at a covered call using the Sep 21, 2018 $122 call for a net debit of about $119.46. This trade will return 2.11% (7.72% annualized, for comparison purposes only) as long as the stock closes above $122 at expiration. Gold SPDRAcan fall 2.72% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $107 call taking the place of the long stock position and the same short position in the Sep 21, 2018 $122 call. This trade only costs about $14.55 to get into and the rate of return increases to 3.09% (7.72% annualized, for comparison purposes only) but the downside protection falls to 1.03%.

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