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Potential Junior Gold Miners ETF Vaneck (GDXJ) Trade Has 5.89% Downside Protection

Dec 06, 2017 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Feb 16, 2018 $30 call for a couple of hedged-trading ideas on Junior Gold Miners ETF Vaneck (<a href="">GDXJ</a>). A traditional covered call on Junior Gold Miners ETF Vaneck yields 3.30% (16.75% annualized, for comparison purposes only) and provides 5.89% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 18, 2019 $15 call and then selling the Feb 16, 2018 $30 call for a net debit of $14.62. This trade has a potential return of 2.52% (16.75% annualized, for comparison purposes only), but also carries a greater potential for losses.

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