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Proshares Ultra Gold Miners ETF (GDXX) Trading Near $44.33 Resistance Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Proshares Ultra Gold Miners ETF (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>) could yield about 3.56% (40.75% annualized, for comparison purposes only) in 32 days. Pair a long position in the stock with the Apr 21, 2017 $40 call for a net debit of about $38.60. This position also has 8.08% downside protection. Proshares Ultra Gold Miners ETF closed at $42.02 Mar 17, 2017. Technical indicators for GDXX are bearish and support and resistance have been about $40.37 and $44.33, respectively.A

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