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Royal Gold (RGLD) Showing Bearish Technicals With Support At $87.17

May 16, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Royal Gold (<a href="">RGLD</a>) today after it closed at $88.54 on May 15, 2018. For more conservative investors, look at a covered call using the Jul 20, 2018 $87.50 call for a net debit of about $84.94. This trade will return 3.01% (16.92% annualized, for comparison purposes only) as long as the stock closes above $87.50 at expiration. Royal Gold can fall 4.06% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $65 call taking the place of the long stock position and the same short position in the Jul 20, 2018 $87.50 call. This trade only costs about $21.44 to get into and the rate of return increases to 4.89% (16.92% annualized, for comparison purposes only) but the downside protection falls to 2.36%.

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