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Junior Gold Miners ETF Vaneck (GDXJ) Trading Near $33.69 Support Level

Jan 12, 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 $33.95 on Jan 11, 2018. For more conservative investors, look at a covered call using the May 18, 2018 $33 call for a net debit of about $31.01. This trade will return 6.38% (18.49% annualized, for comparison purposes only) as long as the stock closes above $33 at expiration. Junior Gold Miners ETF VaneckAcan fall 8.65% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $24 call taking the place of the long stock position and the same short position in the May 18, 2018 $33 call. This trade only costs about $8.11 to get into and the rate of return increases to 10.97% (18.49% annualized, for comparison purposes only) but the downside protection falls to 5.44%.

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