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Potential Randgold Resources (GOLD) Trade Has 3.20% Downside Protection

May 16, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Randgold Resources (<a href="">GOLD</a>) could yield about 2.52% (30.74% annualized, for comparison purposes only) in 30 days. Pair a long position in the stock with the Jun 15, 2018 $77.50 call for a net debit of about $75.59. This position also has 3.20% downside protection. Randgold Resources closed at $78.08 May 15, 2018. Technical indicators for GOLD are bearish and support and resistance have been about $77.36 and $79.02, respectively.A

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