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Potential Ultrashort Gold Miner Proshares (GDXS) Trade Has 16.73% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Ultrashort Gold Miner Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXS">GDXS</a>). Look at the May 18, 2018 $14 covered call for a net debit in the $12.93 area.<br /> <br /> This trade has a duration of 164 days. The break-even point of this trade is the same as the net debit, which gives this trade 16.73% downside protection. If the stock closes at or above $14 at expiration this trade will return 8.19% or 18.23% (for comparison purposes only). <br /> <br /> GDXS closed Dec 4, 2017's trading session at $15.53. In the past year, the stock has hit a 52-week low of $12.07 and 52-week high of $27.53. Ultrashort Gold Miner Proshares stock has been showing support around $15.45 and resistance in the $15.64 range. Recent technical indicators for the stock are bearish.

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