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Junior Gold Miners ETF Vaneck (GDXJ) Trading Near $27.29 Support Level

Oct 12, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Junior Gold Miners ETF Vaneck (<a href="">GDXJ</a>) could yield about 5.68% (21.17% annualized, for comparison purposes only) in 98 days. Pair a long position in the stock with the Jan 18, 2019 $29 call for a net debit of about $27.43. This position also has 6.44% downside protection. Junior Gold Miners ETF Vaneck closed at $29.32 Oct 11, 2018. Technical indicators for GDXJ are bearish and support and resistance have been about $27.29 and $30.52, respectively.A

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