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 $127.01 Resistance Level

Sep 13, 2017 ( via COMTEX) --

For a hedged play on Gold SPDR (<a href="">GLD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 15, 2017 $126 covered call for a net debit in the $123.26 area. That is also the break-even stock price for the covered call. This trade will return 2.22%, or 8.72% annualized (for comparison purposes only), in 93 days. This covered call also provides 2.60% downside protection. The current 52-week low is $107 and the 52-week high is $128.32. Gold SPDR stock has been showing support around $125.71 and resistance in the $127.01 range. The stock closed Sep 12, 2017's trading session at $126.55.A

(C) Copyright 2017, 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 50.42
Nat Gas 3.082
Corn 349 4/8
Cotton #2 68.99
Gold 1298.3
Copper 2.9360
Euro 1.19635
USD Index 92.215
SP500 E-mini 2503.50
DJIA E-mini 22364