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Potential Ultra Gold Miners Proshares (GDXX) Trade Has 6.85% Downside Protection

Feb 13, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ultra Gold Miners Proshares (<a href="">GDXX</a>). Look at the Apr 20, 2018 $36 covered call for a net debit in the $34.64 area.<br /> <br /> This trade has a duration of 66 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.85% downside protection. If the stock closes at or above $36 at expiration this trade will return 3.92% or 21.71% (for comparison purposes only). <br /> <br /> GDXX closed Feb 12, 2018's trading session at $37.18. In the past year, the stock has hit a 52-week low of $33.56 and 52-week high of $53.31. Ultra Gold Miners Proshares stock has been showing support around $35.48 and resistance in the $38.56 range. Recent technical indicators for the stock are bearish.

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