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Royal Gold (RGLD) Trading Near $84.19 Support Level

Feb 11, 2019 ( via COMTEX) --

For a hedged play on Royal Gold (<a href="">RGLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Apr 18, 2019 $85 covered call for a net debit in the $82.26 area. That is also the break-even stock price for the covered call. This trade will return 3.31%, or 18.35% annualized (for comparison purposes only), in 66 days. This covered call also provides 5.29% downside protection. A lower-cost play on Royal Gold would use a longer term call option in place of the long position in the stock. Look at the Jan 17, 2020 $45 call and the same sold call for a net debit of $39.03.This trade only has 3.24% downside protection, but the assigned return rate rises to 2.43% or an annualized rate of 13.43% (for comparison purposes only). The current 52-week low is $70.16 and the 52-week high is $98.53. Royal Gold stock has been showing support around $84.19 and resistance in the $88.69 range. The stock closed Feb 8, 2019's trading session at $86.87.A

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