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Potential S&P Global Natural Resources SPDR (GNR) Trade Could Hit 2.77% Return

Nov 10, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on S&P Global Natural Resources SPDR (<a href="">GNR</a>) could yield about 2.77% (4.67% annualized, for comparison purposes only) in 217 days. Pair a long position in the stock with the Jun 15, 2018 $47 call for a net debit of about $45.72. This position also has 3.38% downside protection. S&P Global Natural Resources SPDR closed at $47.33 Nov 9, 2017. Technical indicators for GNR are bearish and support and resistance have been about $47 and $47.62, respectively.A

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