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Potential S&P Global Natural Resources SPDR (GNR) Trade Could Hit 2.53% Return

Mar 07, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on S&P Global Natural Resources SPDR (<a href="">GNR</a>) could yield about 2.53% (9.24% annualized, for comparison purposes only) in 100 days. Pair a long position in the stock with the Jun 15, 2018 $49 call for a net debit of about $47.78. This position also has 2.84% downside protection. S&P Global Natural Resources SPDR closed at $49.18 Mar 6, 2018. Technical indicators for GNR are bearish and support and resistance have been about $48.86 and $49.60, respectively.A

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