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Junior Gold Miners ETF Vaneck (GDXJ) Showing Bearish Technicals With Resistance At $32.27

Feb 08, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>) today after it closed at $31.25 on Feb 7, 2018. For more conservative investors, look at a covered call using the May 18, 2018 $31 call for a net debit of about $29. This trade will return 6.85% (25.29% annualized, for comparison purposes only) as long as the stock closes above $31 at expiration. Junior Gold Miners ETF VaneckAcan fall 7.16% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $24 call taking the place of the long stock position and the same short position in the May 18, 2018 $31 call. This trade only costs about $6.56 to get into and the rate of return increases to 6.70% (25.29% annualized, for comparison purposes only) but the downside protection falls to 2.20%.

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