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Potential Junior Gold Miners ETF Vaneck (GDXJ) Trade Has 4.88% Downside Protection

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>) closed Dec 4, 2017 at $31.29 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Junior Gold Miners ETF Vaneck for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $15 call and a short position in the Feb 16, 2018 $31 call for a net debit of about $15.67. This trade has an assigned return of 2.10% and 2.01% downside protection. For more a more conservative play, look at a covered call using the Feb 16, 2018 $31 call for a $15.67 net debit. This trade has an assigned return of 4.13% but the downside protection increases to 4.88%. Over the last 52 weeks the stock has traded between $27.37 and $43.01.A

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