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

Jan 12, 2018 (Marketintelligencecenter.com via COMTEX) --

Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">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.

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