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Ultra Gold Miners Proshares (GDXX) Trading Near $41.39 Resistance Level

Feb 06, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Miners Proshares (<a href="">GDXX</a>) could yield about 7.46% (37.33% annualized, for comparison purposes only) in 73 days. Pair a long position in the stock with the Apr 20, 2018 $38 call for a net debit of about $35.35. This position also has 10.84% downside protection. Ultra Gold Miners Proshares closed at $39.65 Feb 5, 2018. Technical indicators for GDXX are bearish and support and resistance have been about $38.13 and $41.39, respectively.A

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