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Junior Gold Miners ETF Vaneck (GDXJ) Showing Bearish Technicals With Resistance At $35.59

Oct 12, 2017 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center Aare highlighting two trades on Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>) today after it closed at $34.91 on Oct 11, 2017. For more conservative investors, look at a covered call using the Nov 17, 2017 $34 call for a net debit of about $33.14. This trade will return 2.56% (25.99% annualized, for comparison purposes only) as long as the stock closes above $34 at expiration. Junior Gold Miners ETF Vaneck can fall 5.06% 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 Nov 17, 2017 $34 call. This trade only costs about $18.33 to get into and the rate of return increases to 3.65% (25.99% annualized, for comparison purposes only) but the downside protection falls to 4.55%.

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