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Potential Ultrashort Gold Miner Proshares (GDXS) Trade Could Hit 7.83% Return

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Ultrashort Gold Miner Proshares (<a href="">GDXS</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 7.83% or 17.65% (for comparison purposes only), while providing 15.23% downside protection. The trade is a May 18, 2018 covered call at the $15 level for a net debit of about $13.91. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $16.25 and $16.53, respectively.

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