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Junior Gold Miners ETF Vaneck (GDXJ) Trading Near $31.44 Support Level

Feb 12, 2019 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the May 17, 2019 $31 call for a couple of hedged-trading ideas on Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>). A traditional covered call on Junior Gold Miners ETF Vaneck yields 4.72% (18.36% annualized, for comparison purposes only) and provides 7.03% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 17, 2020 $21 call and then selling the May 17, 2019 $31 call for a net debit of $9.31. This trade has a potential return of 7.41% (18.36% annualized, for comparison purposes only), but also carries a greater potential for losses.

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