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Ultrashort Gold Miner Proshares (GDXS) Showing Support Near $14.87

Nov 08, 2017 ( via COMTEX) --

For a hedged play on Ultrashort Gold Miner Proshares (<a href="">GDXS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $14 covered call for a net debit in the $12.57 area. That is also the break-even stock price for the covered call. This trade will return 11.37%, or 21.74% annualized (for comparison purposes only), in 191 days. This covered call also provides 16.03% downside protection. The current 52-week low is $12.07 and the 52-week high is $27.53. Ultrashort Gold Miner Proshares stock has been showing support around $14.87 and resistance in the $15.17 range. The stock closed Nov 7, 2017's trading session at $14.97.A

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