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Market Vectors Gold Miners (GDX) Trading Near $22.06 Support Level

Jun 14, 2018 ( via COMTEX) --

Market Vectors Gold Miners (<a href="">GDX</a>) closed Jun 13, 2018 at $22.47 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 18, 2019 $20 call and a short position in the Dec 21, 2018 $22 call for a net debit of about $1.53. This trade has an assigned return of 29.87% and 4.18% downside protection. For more a more conservative play, look at a covered call using the Dec 21, 2018 $22 call for a $1.53 net debit. This trade has an assigned return of 6.17% but the downside protection increases to 7.82%. Over the last 52 weeks the stock has traded between $20.83 and $25.58.A

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