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) Trading Near $23.22 Resistance Level

Aug 11, 2017 (Marketintelligencecenter.com via COMTEX) --

Market Vectors Gold Miners (<a href="http://www.marketintelligencecenter.com/symbol/GDX">GDX</a>) closed Aug 10, 2017 at $23.07 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 18, 2019 $12 call and a short position in the Dec 15, 2017 $23 call for a net debit of about $9.86. This trade has an assigned return of 11.44% and 5.24% downside protection. For more a more conservative play, look at a covered call using the Dec 15, 2017 $23 call for a $9.86 net debit. This trade has an assigned return of 7.22% but the downside protection increases to 7.06%. Over the last 52 weeks the stock has traded between $18.58 and $31.79.A

(C) Copyright 2017, 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.

Lt Crude 47.72
Nat Gas 2.942
Corn 359 6/8
Cotton #2 68.32
Gold 1290.7
Copper 2.9785
Euro 1.17755
USD Index 93.450
SP500 E-mini 2448.25
DJIA E-mini 21855
close_icon
open_icon