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Potential iShares MSCI Global Gold Miners (RING) Trade Has 9.01% Downside Protection

Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on iShares MSCI Global Gold Miners (<a href="http://www.marketintelligencecenter.com/symbol/RING">RING</a>). Look at the Jul 21, 2017 $18 covered call for a net debit in the $17.12 area.<br /> <br /> This trade has a duration of 123 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.01% downside protection. If the stock closes at or above $18 at expiration this trade will return 5.12% or 15.25% (for comparison purposes only). <br /> <br /> RING closed Mar 17, 2017's trading session at $18.80. In the past year, the stock has hit a 52-week low of $15.48 and 52-week high of $26.78. iShares MSCI Global Gold Miners stock has been showing support around $18.43 and resistance in the $19.37 range. Recent technical indicators for the stock are bearish.

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