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Junior Gold Miners ETF Vaneck (GDXJ) Showing Bearish Technicals

Feb 06, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Junior Gold Miners ETF Vaneck (<a href="">GDXJ</a>) today after it closed at $32.38 on Feb 5, 2018. For more conservative investors, look at a covered call using the May 18, 2018 $32 call for a net debit of about $29.90. This trade will return 7.02% (25.38% annualized, for comparison purposes only) as long as the stock closes above $32 at expiration. Junior Gold Miners ETF VaneckAcan fall 7.65% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $15 call taking the place of the long stock position and the same short position in the May 18, 2018 $32 call. This trade only costs about $16.07 to get into and the rate of return increases to 5.78% (25.38% annualized, for comparison purposes only) but the downside protection falls to 4.04%.

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