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Potential Gold SPDR (GLD) Trade Could Hit 2.27% Return

Nov 14, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>). Look at the Feb 16, 2018 $121 covered call for a net debit in the $118.31 area.<br /> <br /> This trade has a duration of 94 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.47% downside protection. If the stock closes at or above $121 at expiration this trade will return 2.27% or 8.82% (for comparison purposes only). <br /> <br /> GLD closed Nov 13, 2017's trading session at $121.30. In the past year, the stock has hit a 52-week low of $107 and 52-week high of $128.32. Gold SPDR stock has been showing support around $121.10 and resistance in the $121.66 range. Recent technical indicators for the stock are bearish.

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