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Randgold Resources (GOLD) Showing Support Near $81.22

Dec 07, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Randgold Resources (<a href="">GOLD</a>) today after it closed at $83.62 on Dec 6, 2018. For more conservative investors, look at a covered call using the Jan 18, 2019 $82.50 call for a net debit of about $80.32. This trade will return 2.70% (23.47% annualized, for comparison purposes only) as long as the stock closes above $82.50 at expiration. Randgold Resources can fall 3.94% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 17, 2020 $60 call taking the place of the long stock position and the same short position in the Jan 18, 2019 $82.50 call. This trade only costs about $21.75 to get into and the rate of return increases to 3.44% (23.47% annualized, for comparison purposes only) but the downside protection falls to 2.24%.

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