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Potential Ultra Gold Miners Proshares (GDXX) Trade Targets 6.93% Return

Jun 13, 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 6.93% (19.77% annualized, for comparison purposes only) in 128 days. Pair a long position in the stock with the Oct 19, 2018 $37 call for a net debit of about $34.60. This position also has 8.70% downside protection. Ultra Gold Miners Proshares closed at $37.90 Jun 12, 2018. Technical indicators for GDXX are bearish and support and resistance have been about $37.65 and $38.03, respectively.A

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