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Potential Ultra Gold Miners Proshares (GDXX) Trade Has 7.92% Downside Protection

Nov 09, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Ultra Gold Miners Proshares (<a href="">GDXX</a>) could yield about 7.52% (38.69% annualized, for comparison purposes only) in 71 days. Pair a long position in the stock with the Jan 19, 2018 $40 call for a net debit of about $37.19. This position also has 7.92% downside protection. Ultra Gold Miners Proshares closed at $40.40 Nov 8, 2017. Technical indicators for GDXX are bearish and support and resistance have been about $40.11 and $40.95, respectively.A

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