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Potential Ultra Gold Miners Proshares (GDXX) Trade Targets 7.24% Return

Jun 14, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Ultra Gold Miners Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>). Look at the Oct 19, 2018 $37 covered call for a net debit in the $34.50 area.<br /> <br /> This trade has a duration of 127 days. The break-even point of this trade is the same as the net debit, which gives this trade 8.97% downside protection. If the stock closes at or above $37 at expiration this trade will return 7.24% or 20.82% (for comparison purposes only). <br /> <br /> GDXX closed Jun 13, 2018's trading session at $37.90. In the past year, the stock has hit a 52-week low of $33.56 and 52-week high of $50.96. Ultra Gold Miners Proshares stock has been showing support around $37.17 and resistance in the $38.27 range. Recent technical indicators for the stock are bearish.

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