Return to News Categories

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

Potential Gold SPDR (GLD) Trade Has 2.47% Downside Protection

Jan 12, 2018 ( via COMTEX) --

Gold SPDR (<a href="">GLD</a>) is a good candidate for a covered call at the $125 level. The Apr 20, 2018 call at that price should fetch a credit of about $3.10, which means the entire position has a net debit of about $122.34. This trade has 1.02% downside protection. Another option would be to buy the GLD Jan 18, 2019 $85 call instead of holding a long position in the stock. This lowers the net debit to $39.14, but the position only has 1.02% downside protection. Technical indicators for the stock are bearish and Gold SPDR has a 52-week low of $112.81 and 52-week high of $128.32.

(C) Copyright 2018, 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 5834.60
Nat Gas 3.248
Corn 352
Cotton #2 83.41
Gold 121.9
Copper 3.2015
Euro 1.23040
USD Index 90.191
SP500 E-mini 2835.50
DJIA E-mini 26205