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Potential Gold SPDR (GLD) Trade Has 2.74% Downside Protection

Jan 02, 2018 ( via COMTEX) --

For a hedged play on Gold SPDR (<a href="">GLD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $123 covered call for a net debit in the $120.25 area. That is also the break-even stock price for the covered call. This trade will return 2.28%, or 7.71% annualized (for comparison purposes only), in 108 days. This covered call also provides 2.74% downside protection. The current 52-week low is $109.37 and the 52-week high is $128.32. Gold SPDR stock has been showing support around $123.11 and resistance in the $124.36 range. The stock closed Dec 29, 2017's trading session at $123.65.A

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