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Potential Junior Gold Miners ETF Vaneck (GDXJ) Trade Has 6.45% Downside Protection

Jun 14, 2018 ( via COMTEX) --

After Jun 13, 2018aEUR(TM)s trading in Junior Gold Miners ETF Vaneck (<a href="">GDXJ</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.66% or 6.12% (for comparison purposes only), while providing 6.45% downside protection. The trade is a Jan 18, 2019 covered call at the $32 level for a net debit of about $30.87. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $32.15 and $33.55, respectively.

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