Return to News Categories

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) Trading Near $20.10 Resistance Level

Dec 07, 2018 ( via COMTEX) --

Market Vectors Gold Miners (<a href="">GDX</a>) closed Dec 6, 2018 at $19.70 and technical indicators recently have been bearish. With those figures in place, the algorithms behind'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 $12 call and a short position in the Apr 18, 2019 $19 call for a net debit of about $6.58. This trade has an assigned return of 6.38% and 5.73% downside protection. For more a more conservative play, look at a covered call using the Apr 18, 2019 $19 call for a $6.58 net debit. This trade has an assigned return of 5.03% but the downside protection increases to 8.21%. Over the last 52 weeks the stock has traded between $17.28 and $24.86.A

(C) Copyright 2018, 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.

Lt Crude 52.13
Nat Gas 9.478
Corn 385 4/8
Cotton #2 80.23
Gold 1254.0
Copper 2.7485
Euro 1.13895
USD Index 96.476
SP500 E-mini 2636.75
DJIA E-mini 24432