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Potential G-X Gold Explorers ETF (GOEX) Trade Has 7.87% Downside Protection

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on G-X Gold Explorers ETF (<a href="">GOEX</a>). Look at the Oct 19, 2018 $21 covered call for a net debit in the $19.89 area.<br /> <br /> This trade has a duration of 225 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.87% downside protection. If the stock closes at or above $21 at expiration this trade will return 5.58% or 9.05% (for comparison purposes only). <br /> <br /> GOEX closed Mar 7, 2018's trading session at $21.59. In the past year, the stock has hit a 52-week low of $20.08 and 52-week high of $25.21. G-X Gold Explorers ETF stock has been showing support around $21.13 and resistance in the $22.25 range. Recent technical indicators for the stock are bearish.

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