Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

Junior Gold Miners ETF Vaneck (GDXJ) Showing Resistance Near $33.19

May 17, 2018 (Marketintelligencecenter.com via COMTEX) --

Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>) closed May 16, 2018 at $32.83 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Junior Gold Miners ETF Vaneck for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $24 call and a short position in the Aug 17, 2018 $32 call for a net debit of about $7.71. This trade has an assigned return of 3.76% and 3.41% downside protection. For more a more conservative play, look at a covered call using the Aug 17, 2018 $32 call for a $7.71 net debit. This trade has an assigned return of 4.26% but the downside protection increases to 6.51%. Over the last 52 weeks the stock has traded between $29.84 and $37.76.A

(C) Copyright 2018, Marketintelligencecenter.com. 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 71.64
Nat Gas 2.818
Corn 406 6/8
Cotton #2 84.54
Gold 1281.7
Copper 3.0785
Euro 1.17465
USD Index 93.920
SP500 E-mini 2725.50
DJIA E-mini 24922
close_icon
open_icon