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iShares MSCI Global Gold Miners (RING) Trading Near $18.03 Support Level

Apr 16, 2018 ( via COMTEX) --

For a hedged play on iShares MSCI Global Gold Miners (<a href="">RING</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 19, 2018 $18 covered call for a net debit in the $17.03 area. That is also the break-even stock price for the covered call. This trade will return 5.62%, or 11.05% annualized (for comparison purposes only), in 186 days. This covered call also provides 7.33% downside protection. The current 52-week low is $16.86 and the 52-week high is $20.84. iShares MSCI Global Gold Miners stock has been showing support around $18.03 and resistance in the $18.67 range. The stock closed Apr 13, 2018's trading session at $18.37.A

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