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Potential G-X Gold Explorers ETF (GOEX) Trade Has 5.43% Downside Protection

Feb 14, 2018 ( via COMTEX) --

For a hedged play on G-X Gold Explorers ETF (<a href="">GOEX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $21 covered call for a net debit in the $20.01 area. That is also the break-even stock price for the covered call. This trade will return 4.94%, or 11.57% annualized (for comparison purposes only), in 156 days. This covered call also provides 5.43% downside protection. The current 52-week low is $20.08 and the 52-week high is $27.29. G-X Gold Explorers ETF stock has been showing support around $20.81 and resistance in the $21.77 range. The stock closed Feb 13, 2018's trading session at $21.15.A

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