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Potential Physical Swiss Gold (SGOL) Trade Has 2.58% Downside Protection

Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --

After Mar 17, 2017aEUR(TM)s trading in Physical Swiss Gold (<a href="http://www.marketintelligencecenter.com/symbol/SGOL">SGOL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.31% or 9.60% (for comparison purposes only), while providing 2.58% downside protection. The trade is a Jun 16, 2017 covered call at the $119 level for a net debit of about $116.29. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $119.11 and $119.73, respectively.

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