Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Market Vectors Gold Miners (GDX) Showing Bearish Technicals With Resistance At $22.68

Dec 01, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Market Vectors Gold Miners (<a href="">GDX</a>) today after it closed at $22.46 on Nov 30, 2017. For more conservative investors, look at a covered call using the Jun 15, 2018 $22 call for a net debit of about $20.62. This trade will return 6.64% (12.36% annualized, for comparison purposes only) as long as the stock closes above $22 at expiration. Market Vectors Gold Miners can fall 8.18% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $15 call taking the place of the long stock position and the same short position in the Jun 15, 2018 $22 call. This trade only costs about $6.06 to get into and the rate of return increases to 15.51% (12.36% annualized, for comparison purposes only) but the downside protection falls to 6.27%.

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.06
Nat Gas 2.829
Corn 351 4/8
Cotton #2 73.40
Gold 1250.5
Copper 2.9745
Euro 1.17860
USD Index 93.795
SP500 E-mini 2653.25
DJIA E-mini 24342