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Potential Physical Swiss Gold (SGOL) Trade Has 3.36% Downside Protection

Jan 12, 2018 ( via COMTEX) --

After Jan 11, 2018aEUR(TM)s trading in Physical Swiss Gold (<a href="">SGOL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.76% or 6.55% (for comparison purposes only), while providing 3.36% downside protection. The trade is a Jun 15, 2018 covered call at the $127 level for a net debit of about $123.57. 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 $127.71 and $128.21, respectively.

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