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Potential Randgold Resources (GOLD) Trade Has 6.33% Downside Protection

Dec 06, 2018 ( via COMTEX) --

After Dec 5, 2018aEUR(TM)s trading in Randgold Resources (<a href="">GOLD</a>)'s patented algorithms uncovered a trade that offers a 4.12% return or 15.21% on an annualized basis (for comparison purposes only), while providing 6.33% downside protection. The trade is a Mar 15, 2019 covered call at the $80 level for a net debit of about $76.81. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 17, 2020 at the $60 level. By buying the call for $23.64 instead of paying about $82.01 for the stock, the assigned return rate for this alternate trade is 8.40%, but the stock has to finish above $78.45 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 4 STARS (out of 5) buy ranking on Randgold Resources. Technical indicators for the stock have been bearish and support and resistance have been in the area of $80.68 and $83.58, respectively.

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