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

Market Vectors Gold Miners (GDX) Showing Support Near $21.89

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

Market Vectors Gold Miners (<a href="http://www.marketintelligencecenter.com/symbol/GDX">GDX</a>) closed Feb 11, 2019 at $22.07 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 Market Vectors Gold Miners for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 17, 2020 $15 call and a short position in the May 17, 2019 $22 call for a net debit of about $6.47. This trade has an assigned return of 8.19% and 2.76% downside protection. For more a more conservative play, look at a covered call using the May 17, 2019 $22 call for a $6.47 net debit. This trade has an assigned return of 5.26% but the downside protection increases to 5.34%. Over the last 52 weeks the stock has traded between $17.28 and $23.31.A

(C) Copyright 2019, 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.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...
close_icon
open_icon