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Potential Gold SPDR (GLD) Trade Has 2.60% Downside Protection

Feb 06, 2018 ( via COMTEX) --

For a hedged play on Gold SPDR (<a href="">GLD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $126 covered call for a net debit in the $123.40 area. That is also the break-even stock price for the covered call. This trade will return 2.09%, or 10.49% annualized (for comparison purposes only), in 73 days. This covered call also provides 2.60% downside protection. The current 52-week low is $114.02 and the 52-week high is $129.51. Gold SPDR stock has been showing support around $125.95 and resistance in the $127.69 range. The stock closed Feb 5, 2018's trading session at $126.70.A

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