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Potential Physical Swiss Gold (SGOL) Trade Has 2.50% Downside Protection

Dec 06, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Physical Swiss Gold (<a href="">SGOL</a>). Look at the Mar 15, 2019 $119 covered call for a net debit in the $116.45 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.50% downside protection. If the stock closes at or above $119 at expiration this trade will return 2.18% or 8.07% (for comparison purposes only). <br /> <br /> SGOL closed Dec 5, 2018's trading session at $119.43. In the past year, the stock has hit a 52-week low of $113.30 and 52-week high of $132.10. Physical Swiss Gold stock has been showing support around $119.08 and resistance in the $119.94 range. Recent technical indicators for the stock are bearish.

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