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Junior Gold Miners ETF Vaneck (GDXJ) Trading Near $31.30 Support Level

Feb 14, 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 $31.96 on Feb 13, 2018. For more conservative investors, look at a covered call using the May 18, 2018 $31 call for a net debit of about $29.17. This trade will return 6.23% (24.47% annualized, for comparison purposes only) as long as the stock closes above $31 at expiration. Junior Gold Miners ETF VaneckAcan fall 8.72% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $20 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 $10.36 to get into and the rate of return increases to 6.17% (24.47% annualized, for comparison purposes only) but the downside protection falls to 5.03%.

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