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Potential Royal Gold (RGLD) Trade Has 5.62% Downside Protection

Oct 11, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Royal Gold (<a href="">RGLD</a>). Look at the Nov 16, 2018 $72.50 covered call for a net debit in the $70.50 area.<br /> <br /> This trade has a duration of 36 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.62% downside protection. If the stock closes at or above $72.50 at expiration this trade will return 2.83% or 28.76% (for comparison purposes only). <br /> <br /> RGLD closed Oct 10, 2018's trading session at $74.69. 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 $72.27 and resistance in the $76.49 range. Recent technical indicators for the stock are bearish.

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