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Randgold Resources (GOLD) Trading Near $85.23 Resistance Level

Mar 07, 2018 ( via COMTEX) --'s patented algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="">GOLD</a>). Look at the Apr 20, 2018 $82.50 covered call for a net debit in the $80.64 area.<br /> <br /> This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.81% downside protection. If the stock closes at or above $82.50 at expiration this trade will return 2.30% or 19.13% annually (for comparison purposes only). <br /> <br /> If you're interested in a lower-cost hedged trade on Randgold Resources, consider buying the Jan 18, 2019 $37.50 call and selling the Apr 20, 2018 $82.50 call for a net debit of $44.04. A<br /> <br /> This hedged trade uses a longer-term bought call instead of the long stock position in a traditional covered call. The hedged trade lasts 44 days and would provide 2.73% downside protection. If Randgold Resources is at or above $82.50 when the market closes in Apr 20, 2018, this trade will make a full return of 2.15% of the initial capital at risk for an annualized return rate of 17.89% (for comparison purposes only).<br /> <br /> GOLD closed Mar 6, 2018's trading session at $83.83. In the past year, the stock has hit a 52-week low of $79.17 and 52-week high of $108.29. Randgold Resources stock has been showing support around $82.75 and resistance in the $85.23 range. Technical indicators for the stock are bearish and S&P gives GOLD 3 STARS (out of 5) hold ranking.

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