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Potential Ultra Gold Miners Proshares (GDXX) Trade Has 10.46% Downside Protection

Oct 12, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Ultra Gold Miners Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $43 covered call for a net debit in the $39.33 area. That is also the break-even stock price for the covered call. This trade will return 9.30%, or 34.30% annualized (for comparison purposes only), in 99 days. This covered call also provides 10.46% downside protection. The current 52-week low is $29.50 and the 52-week high is $59.10. Ultra Gold Miners Proshares stock has been showing support around $41.24 and resistance in the $45.38 range. The stock closed Oct 11, 2017's trading session at $43.93.A

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