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Potential Physical Swiss Gold (SGOL) Trade Could Hit 2.39% Return

Oct 11, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Physical Swiss Gold (<a href="http://www.marketintelligencecenter.com/symbol/SGOL">SGOL</a>). Look at the Mar 15, 2019 $115 covered call for a net debit in the $112.30 area.<br /> <br /> This trade has a duration of 155 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.51% downside protection. If the stock closes at or above $115 at expiration this trade will return 2.39% or 5.64% (for comparison purposes only). <br /> <br /> SGOL closed Oct 10, 2018's trading session at $115.20. In the past year, the stock has hit a 52-week low of $113.30 and 52-week high of $132.10. Physical Swiss Gold stock has been showing support around $114.34 and resistance in the $115.64 range. Recent technical indicators for the stock are bearish.

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