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Potential Ultra Gold Miners Proshares (GDXX) Trade Could Hit 2.76% Return

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Ultra Gold Miners Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>) could yield about 2.76% (14.43% annualized, for comparison purposes only) in 70 days. Pair a long position in the stock with the Apr 20, 2018 $36 call for a net debit of about $35.02. This position also has 3.31% downside protection. Ultra Gold Miners Proshares closed at $36.22 Feb 8, 2018. Technical indicators for GDXX are bearish and support and resistance have been about $35.75 and $37.11, respectively.A

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