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Potential Royal Gold (RGLD) Trade Has 6.28% Downside Protection

Jun 13, 2018 ( via COMTEX) --

Royal Gold (<a href="">RGLD</a>) is a good candidate for a covered call at the $90 level. The Oct 19, 2018 call at that price should fetch a credit of about $5.79, which means the entire position has a net debit of about $86.54. This trade has 3.62% downside protection. Technical indicators for the stock are bearish and Royal Gold has a 52-week low of $74.35 and 52-week high of $94.39.

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