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Potential Junior Gold Miners ETF Vaneck (GDXJ) Trade Targets 7.38% Return

Aug 11, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligenceCenter.com's patented algorithms on Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>) could yield about 7.38% (27.51% annualized, for comparison purposes only) in 98 days. Pair a long position in the stock with the Nov 17, 2017 $33 call for a net debit of about $30.72. This position also has 7.80% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $20 call for a net debit of about $11.80. While this trade has a higher yield at 10.16%, the downside protection falls to 7.80%. Junior Gold Miners ETF Vaneck closed at $33.33 Aug 10, 2017. Technical indicators for GDXJ are bearish and support and resistance have been about $32.92 and $33.58, respectively.A

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