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Potential Ultra Gold Miners Proshares (GDXX) Trade Targets 5.04% Return

May 19, 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 Oct 20, 2017 $40 covered call for a net debit in the $38.07 area. That is also the break-even stock price for the covered call. This trade will return 5.04%, or 11.95% annualized (for comparison purposes only), in 154 days. This covered call also provides 7.75% downside protection. The current 52-week low is $29.50 and the 52-week high is $93.85. Ultra Gold Miners Proshares stock has been showing support around $40.03 and resistance in the $43.63 range. The stock closed May 18, 2017's trading session at $41.27.A

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