Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="http://www.marketintelligencecenter.com/symbol/GOLD">GOLD</a>). Look at the Apr 21, 2017 $85 covered call for a net debit in the $83 area.<br /> <br /> This trade has a duration of 32 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.03% downside protection. If the stock closes at or above $85 at expiration this trade will return 2.39% or 27.32% (for comparison purposes only). <br /> <br /> GOLD closed Mar 17, 2017's trading session at $87.40. In the past year, the stock has hit a 52-week low of $67.54 and 52-week high of $126.55. Randgold Resources stock has been showing support around $86.20 and resistance in the $88.70 range. Recent technical indicators for the stock are bearish.
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