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Potential Gold SPDR (GLD) Trade Targets 2.28% Return

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>) could yield about 2.28% (8.51% annualized, for comparison purposes only) in 98 days. Pair a long position in the stock with the Jan 18, 2019 $115 call for a net debit of about $112.43. This position also has 2.89% downside protection. Gold SPDR closed at $115.77 Oct 11, 2018. Technical indicators for GLD are bearish and support and resistance have been about $113.35 and $117.25, respectively.A

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