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Powershares DB Gold (DGL) Trading Near $41.22 Resistance Level

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

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>) today after it closed at $41.06 on Jun 13, 2018. For more conservative investors, look at a covered call using the Oct 19, 2018 $41 call for a net debit of about $40.10. This trade will return 2.21% (6.37% annualized, for comparison purposes only) as long as the stock closes above $41 at expiration. Powershares DB GoldAcan fall 2.31% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $37 call taking the place of the long stock position and the same short position in the Oct 19, 2018 $41 call. This trade only costs about $3.44 to get into and the rate of return increases to 15.94% (6.37% annualized, for comparison purposes only) but the downside protection falls to 1.48%.

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