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Potential Royal Gold (RGLD) Trade Could Hit 3.25% Return

Oct 12, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>). Look at the Nov 16, 2018 $77.50 covered call for a net debit in the $75.06 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.05%. If the stock closes at or above $77.50 at expiration this trade will return 3.25% or 33.90% (for comparison purposes only). <br /> <br /> RGLD closed Oct 11, 2018's trading session at $79.05. In the past year, the stock has hit a 52-week low of $71.91 and 52-week high of $98.53. Royal Gold stock has been showing support around $73.51 and resistance in the $82.53 range. Technical indicators for the stock are bearish and S&P gives RGLD 3 STARS (out of 5) hold ranking.

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